Tag Archives: eu nations debt

Are we living Europe’s greatest depression?

Some sobering reading from The Washington Post this week. The author, Matt O’Brien, has taken a chart from Nicholas Crafts “and extended it a bit to put Europe’s depression in, well, even more depressing perspective.” The Eurozone GDP hasn’t returned to 2007 … Continue reading

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European debt in 2000 and 2009 compared

European debt in 2000 and 2009 compared.
The NYtimes has produced some stunning maps showing exactly how debt has escalated right across Europe. And without the ability for any EU member using the euro to deflate their currency and either default or pay their way out of the debt they’ve accumulated, is it time to start asking, ‘who does the euro actually benefit?’ Continue reading

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