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  • Spain’s Economy Re-enters Contraction Mode In The Third Quarter

    Well, that didn’t last long, now did it. Two consecutive quarters of minimal GDP growth seem to have exhausted the forces of a more than fragile Spanish economy. All the post-June data we are seeing suggests the economy has now turned the corner (in the bad sense), and we should expect a negative...
    Posted to Economics on 09-03-2010
    Filed under: A Fistful Of Euros, Economics: Country briefings
  • The Odd Couple

    The modern world moves at a breathtaking pace, even when most of us find ourselves on holiday. No sooner do we receive, read and start to digest one set of economic data than we find ourselves pushed to think about what the next set will look like. The clearest recent illustration of this undoubted reality...
    Posted to Economics on 09-01-2010
    Filed under: A Fistful Of Euros, Economics: Country briefings, Economics: Currencies
  • Spain’s Unemployment Continues To Rise

    Spain’s EU harmonised seasonally-adjusted unemployment rate (which is the interesting number) went up again in July, according to the latest data from Eurostat. It rose to 20.3% from 20.2% in June. So despite a double digit fiscal deficit, Spain has not yet succeeded in putting a brake on the upward...
    Posted to Economics on 08-31-2010
    Filed under: A Fistful Of Euros, Economics: Country briefings
  • On The Shoulders Of Giants – How Spain Is Destined To Follow In Germany’s Footsteps

    The current generation of policymakers seem to be like Captains of large ocean liners, out there on the high seas, bereft of either compass or adequate charts, trying hard to calm there worried passengers by telling them nothing is amiss. But the charts are there, if only they would look at them, and...
    Posted to Economics on 08-31-2010
    Filed under: A Fistful Of Euros, Economics and demography, Economics: Country briefings
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