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Monthly Archives: May 2012

Public debt, in billions of euros, fourth quarter 2011

http://online.wsj.com/article/SB10001424052702304203604577393964198652568.html?mod=europe_home#project%3DEZNUMBS0312%26articleTabs%3Dinteractive

The 17-nation euro zone is a collection of countries with vastly different economic profiles. Far from stimulating “convergence” toward a single economy, the eurozone has perpetuated divergence.  Despite the predominance in the mainstream that Greece, Ireland and Portugal should be punished for deviating from the Maastricht rules these graphics show that the majority of countries are well beyond the 3% deficit and 60% debt threshold ratios.

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Budget Balance in 2011

 

http://online.wsj.com/article/SB10001424052702304203604577393964198652568.html?mod=europe_home#project%3DEZNUMBS0312%26articleTabs%3Dinteractive

The 17-nation euro zone is a collection of countries with vastly different economic profiles. Far from stimulating “convergence” toward a single economy, the eurozone has perpetuated divergence.  Despite the predominance in the mainstream that Greece, Ireland and Portugal should be punished for deviating from the Maastricht rules these graphics show that the majority of countries are well beyond the 3% deficit and 60% debt threshold ratios.