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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
Norway, like its Nordic cousins, is a welfare state with high living standards, abundant welfare benefits… and very high taxes. But it’s the richest member of the Sauna Club, thanks to its wealth of offshore oil and natural gas. That bounty has been used wisely, with much of the surplus accumulated in the world’s second […]
A currency haven for international investors is a post from: TheBizSense Views & Forecasting
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