Tag Archives: PIIGS

Welcome back!

A warm welcome to all economics students, returning and new. It is going to be a big semester for all of you. For grade 11, you’ll be starting your journey of discovery. You have all made a leap of faith, choosing a subject … Continue reading

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And the next domino falls

There’s an economics joke (albeit an unfunny one – is there any other kind of economics joke?) making the rounds. A European politician is asked for their prediction for the future  of the European economy – would the recovery be W (a double … Continue reading

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The Grexit – a Greek tragedy turns into a Greek farce

There is something of a game of poker going on in the EU at the moment. On the one hand you have the anti-austerity parties in Greece, buoyed by their recent election success, stating for anyone who cares to listen that the Eurozone can’t … Continue reading

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Greece is the (lack of) word

The silence is deafening. Following a whole series of talks that at stages have looked promising only to quickly break down, news of a plan of action regarding Greece’s debt crisis is conspicuous by its absence. Many news outlets have simply stopped writing about … Continue reading

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Another fine mess you’ve got us into… part III

This is my third entry on the current problems facing Europe. In the first two entries we looked at why and how Europe got itself into such a mess in the first place and why the events of the last … Continue reading

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Another fine mess you’ve got us into… part II

This is the second of three entries on the problems facing Europe. In the first we discovered three key issues: that many of the key economies in Europe have a very tight relationship through the Eurozone, a monetary union; that … Continue reading

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Another fine mess you’ve got us into… part I

Stories concerning Europe’s economic problems have been all over the news the past few years. The problems are both primary causes and consequences of the world economic meltdown that took place in 2008. However, in the last six months events … Continue reading

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