Free exchange: Lean on me

Posted: April 1, 2016 in economy
Tags: , ,

UK Only Article: 
standard article


Beware the cult of Xi

Fly Title: 

Free exchange


Europe’s weak economic recovery is worryingly dependent on exports

EUROPE is hardly bursting with optimism. Threats of different kinds, from coping with refugees to the prospect of “Brexit”, weigh on continental minds. For the first time in years, however, the euro zone’s economy is not foremost among the worries. It grew in 2015, for a second consecutive year; unemployment rates around the periphery are falling; and “Grexit” has again been averted. Yet some caution is in order. The euro-zone economy remains heavily dependent on exports for its growth. That is both an indicator of the incomplete nature of Europe’s recovery and a dangerous vulnerability.
Europe’s economic crisis was a stew with many ingredients, from spendthrift governments to inadequate safeguards in the banking system. The stock in which it all simmered, however, consisted of big imbalances in trade and capital flows. Economic integration encouraged high-saving households in slow-growing northern …

via Economic Crisis


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s