The Euro Zone's Bumpy Road to Recovery - WSJ.com

"In the pre-euro era, they would devalue their currencies to make German goods dearer and their homemade stuff cheaper. That was then and this is now. No such mechanism is available to struggling Greece, Ireland, Portugal, Spain or Italy—they gave up the ability to revalue their currencies when they ditched them in favor of the euro." . . .

Krækja á grein Irwin Stelzer á Wall Street Journal: The Euro Zone's Bumpy Road to Recovery - WSJ.com:

Børsen: Gældstynget Italien uden udsigt til nødvendig reform

Italien er trods en kæmpe statsgæld på 120 procent af BNP blevet reddet fra afgrunden fordi italienerne gennem hele krisen har holdt en stram finanspolitik.

Men væksten er mikroskopisk i Italien. Det gør det nødvendigt med en uhyre stram finanspolitik i flere årtier, hvis den enorme statsgæld skal høvles ned, siger chefanalytiker Anders Matzen, Nordea.

Gældstynget Italien uden udsigt til nødvendig reform

Leading Economics Bloggers Believe Tax Cuts Extension May Stimulate Job Growth, But Not This Year

Economics bloggers are less pessimistic in their outlook on the U.S. economy than they were at the end of 2010, though 77 percent believe overall conditions are mixed, facing recession, or in recession. For an economy in which growth is the norm, 31 percent of respondents think that the U.S. economy is worse than official statistics indicate, and only 10 percent believe it is better. When asked to describe the economy using five adjectives, “uncertain” remains the most frequently used term to describe the economy.

Leading Economics Bloggers Believe Tax Cuts Extension May Stimulate Job Growth, But Not This Year

Bein krækja á PDF: Kauffman Economic Outlook, First Quarter 2011 (PDF)

Analysis: Eurozone's Dec Construction Hits Near 15-Year Lows | iMarketNews.com

Bygginga- og mannvirkjagerð á Evrusvæði komin niður á 1996 stig 

Hagstofa ESB

"FRANKFURT (MNI) - Construction output in the Eurozone continued to lose ground in December, falling to its lowest level since early 1996, as all reporting countries except Slovenia suffered significant declines, Eurostat reported on Thursday."

Analysis: Eurozone's Dec Construction Hits Near 15-Year Lows | iMarketNews.com

Portugal’s GDP Falls 0.3% in First Decline in a Year - Bloomberg

"Portugal’s economy contracted in the fourth quarter for the first time in a year as the government cut spending and raised taxes to narrow its budget deficit."

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