Europeans believe that unemployment is by far the main problem that their country is facing. Continue reading
The eurozone crisis has focused attention on debt-burdened Greece spiraling into decline. Meanwhile, Portugal is seen as the international creditors’ poster-child for obediently slashing spending and welfare benefits. Nevertheless, the Portuguese national debt continues to grow, and the country is mired in recession and soaring unemployment. The Portuguese national character has long been identified with … Continue reading
An increasing number of observers have hastened to declare that the European debt crisis has been practically resolved or at least stemmed for a few years. This view was reinforced by the falling yields at the last Italian government bond auctions of 2011, which suggested a significant reduction in the perceived sovereign default risk. Since … Continue reading