Euro Area Adjustment: Be Careful what you Wish for!

andrew watt

Germany recovered quickly and strongly from the economic crisis on the back of strong demand for its highly competitive exports and, increasingly, stronger domestic demand as unemployment fell and wage growth picked up slightly. But for some time (here and here) the signs have been growing that the ongoing, indeed deepening, crisis in the euro [...]

‘New’ Insight: Social Partners can reduce Costs of rebalancing Euro Area

watt

Its great to hear good ideas about how to resolve the euro area crisis, I just wish people would reflect or research a little before they describe them as ‘new’. Mark Schieritz at Herdentrieb, with a nudge from Sebastian Dullien, has spotted a way to bring about a competitive rebalancing of the euro area without [...]