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Rewards of austerity

eurozone

Rewards of austerity: As a consequence of economic contraction and falling imports in the troubled Eurozone countries, their foreign trade deficits are falling.

In the third quarter the five known as the PIIGS together recorded the first surplus since 1999.

The improving trade balance of the Eurozone as a whole explains the recent strength of the euro in terms of other major currencies.

CopyRight – OnTarget 2013 by Martin Spring

Austerity v. Growth

The War over Austerity v. Growth Should governments focus on borrowing less to finance their spending — or rather focus on spending even more, to promote economic activity, giving debt reduction a lower priority? This is the austerity versus growth argument that divides economists into two increasingly vocal opposing camps offering policymakers conflicting advice. This […]

Austerity v. Growth is a post from: TheBizSense Views & Forecasting

TheBizSense Views» Europe