Eurozone at risk of home-made deflation and recession

Tomorrow Tuesday, 5th April, the European Commission will present its ‘Spring European Economic Forecast’ including assessments and predictions about GDP, inflation, employment and government finance for 2014, 2015 and 2016. Good providence made sure that last Thursday Eurostat released its flash estimate of April inflation standing at the edge of zero percent, up by an […]

Rehn ready to sacrifice part of the real economy

Last week, Ollie Rehn, the EU Commissioner responsible for the Economy, while presenting his “winter forecast 2012-14” for the Union, appeared not to bother with the prospects of the rising unemployment and the collapsing prospects for the young. Otherwise it cannot be explained why he said that, “The ongoing rebalancing of the European economy is […]