Projected fiscal deficit of Greece in percent of Germany's GDP: 0.8. Second bailout package in percent of Germany's GDP: 4.6. Memorandum: Marshall Plan in percent of US' GDP: 5.0.
About cliffeconomics
This blog offers original economic thought and policy recommendations on Germany, the euro area, and whatever cliff has on his mind.
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Mowing the lawn appears to be a common pastime for Germans. Washing the car or ironing even makes it into a listing of ways to burn calori... -
A little discussed aspect of the recurring discussion about Germany's current account balance is the distinction between its structural... -
Recent readings of the harmonized index of consumer prices (HICP) suggest a nontrivial risk of dipping into deflation in the euro area. Whi... -
In its current edition, The Economist calls once again for privatization to help fund the high deficits of many Western governments. At f...
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On Vox, Peter Allen, Barry Eichengreen and Gary Evans deploy acrobatic arithmetics for reducing Greece's debt through asset sales. It...
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