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Economics

Is QE the answer to the EU’s economic woes?

Austerity programs imposed on PIIGS countries have failed. Italy’s weak economy faces “Japanification” – slow growth and an aging population bring intractable deflation and stagnation- and its sovereign debt levels are unsustainably high. Everything suggests the EU’s third largest economy – moving very slowly with reforms – will not be able to lower its debt/GDP ratio by … Continue reading

Trade

New EU trade figures

Report by Eurostat may be found here (date of publication: August 18th 2014) Seasonally adjusted data  Highlights Euro Area  €16.8 billion surplus trade balance EU €2.9 bn surplus trade balance decrease in the energy deficit increase in exports to China – second major trading partner – and South Korea increase in imports from South Korea, Switzerland and Turkey … Continue reading