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.
About cliff
The author is an economist specialized in financial and macroeconomic policy analysis. All posts present a personal opinion, and all analysis is based on publicly available information.
About cliff
The author is an economist specialized in financial and macroeconomic policy analysis. All posts present a personal opinion, and all analysis is based on publicly available information.
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Popular Posts
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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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