Divergence of Iberian and Mediterranean peripheral economies in the Euro area continues. How long until the core countries are forced to placate an angry populace?
The prospects of a "Good Euro" and "Bad Euro" and/or continued pressure for policy measures up to and including seceding from the Maastricht treaty and Euro area are more probable, especially in this environment of competitive devaluation, blatant mercantilism, etc.
"Ever-closer Union" indeed...
By Victoria Richards
Jan. 12 (Bloomberg) -- Spain’s long-term sovereign ratings
may be cut by Standard & Poor’s Rating Services which cited
“significant challenges” facing the Spanish economy.
Subscribe to:
Post Comments (Atom)
1 comment:
Though allergic reactions are a fairly common and well-known situation, people who don't have allergies don't recognize the amount of a direct impact that these particular causes could have on someone's daily life. Animal pollen and plant pollen are two frequent allergic triggers, which may be difficult to get away. Read through this post for advice on working with your allergy symptoms. Heukuk8ily
Post a Comment