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April 23, 2008

Economics and demography

The French Economy - Acting As The Eurozone Buffer?

by Edward Hugh

What really strikes me about the slowdown we are currently seeing in the eurozone economies is not so much what we are seeing, but how we are seeing (or if you like interpreting) it. The core of the issue is to be found - as is ever the case - in the details. And [...]

April 22, 2008

Culture

Slovakia’s Euro Membership Bid - Update

by Edward Hugh

Maybe to many readers of this blog Slovakia’s application for membership of the eurozone may well not appear to be the political and economic event of the year. That rapid judgement may well turn out to be wrong. What is at issue here is the future course of the collective applications for zone membership of [...]

April 21, 2008

Culture

Slovakia’s Euro Membership Bid

by Edward Hugh

Slovakia has recently taken some important “baby steps” on its path towards future euro membership. In particular the government in Bratislava has now officially asked the European Central Bank and European Commission to assess whether or not it is now ready to adopt the currency on 1 January 2009.
The response of the European Commission [...]

April 13, 2008

Economics and demography

Is 2008 Make Or Break Year For Italy’s Economy?

by Edward Hugh

As Italians head to the polls this weekend in order to pick what will be their 62nd government in 65 years (in an election which is being held three years early to boot, due to the collapse of Romano Prodi’s outgoing administration) one odd detail seems to stand out and sum up the multitude of [...]

March 16, 2008

Economics and demography

Spain’s Economic and Financial Crisis Develops With The ECB Acting As “Pawnbroker of Last Resort.”

by Edward Hugh

My co-blogger on Global Economy Matters Manuel Alvarez in his post on last weekend’s Spanish election called it “Zapatero’s election to lose”, meaning by this that the opposition scarcely seemed credibly poised to win, and their best chance of victory rested on the possibility that Spain’s Prime Minister Jose Luis Rodriguez Zapatero might somehow or [...]

March 10, 2008

Economics and demography

Sunday’s Referendum in Hungary

by Edward Hugh

As I have just indicated in my last post Hungarians went to the polls yesterday in a vote over whether or not to scrap government-imposed fees on visits to doctors and hospitals introduced as part of a belt-tightening adjustment programme, designed to bring what was at the time of its introduction [...]

Economics and demography

Black Friday in Budapest?

by Edward Hugh

Question: how would you have known they were holding a referendum on the government’s difficult and unpopular economic adjustment package in Hungary on Sunday? Answer: just take a look at what happened in the Hungarian financial markets last Friday.
It should not have been too difficult to see all this coming, yet financial analysts [...]

December 25, 2007

Economics and demography

Hungary On The Threshold of a Recession?

by Edward Hugh

During the Autumn of 2006 we had quite an exchange of opinion on this blog about the future destiny of the Hungarian economy, largely between me and Doug Muir. At the time Doug was relatively optimistic, and I much less so. We nearly even had a bet about whether Hungary would enter recession during 2007, [...]

December 5, 2007

Economics and demography

Too Much Money Chasing Too Few People, Or Russia’s Current Inflation Problem

by Edward Hugh

Russia has been in the news over the last few days, as much as anything for its recent attempt at “unfair” (the term is the one used by the OCSE) elections. Both Alex and Doug have already commented on this (and Manuel Alvarez has a useful summary of the electoral system and the outcomes it [...]

November 26, 2007

Economics and demography

Croatia and Economic Sustainability in Eastern Europe

by Edward Hugh

The IMF is not amused, or at least better put, the IMF is not amused with Croatia. The reasons for their lack of amusement are many and various, but in particular they are displeased by the rising level of consumer and corporate indebtedness, and doubly so due to the fact that the debts are either [...]

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