Conflicting statistics and bad banks haunt the Eurozone

Last week, Eurostat, the EU statistical service, released its flash estimate of the GDP of the first quarter of 2016, finding it, in both the Eurozone and the EU28, to be 0.5% bigger in comparison to the previous period. In the fourth quarter of 2015, GDP had also grown by 0.3% and 0.4% respectively. Does […]

No hard drivers in sight to remodel the stagnating affairs of the EU

It’s a tautological statement to say that the euro area is an economy which barely moves ahead, towards producing more jobs and incomes for the tens of millions of the unemployed and materially deprived. However, it seems that it’s worse than that. Mario Draghi, the President of the European Central Bank, said it plainly in […]

How close is Eurozone to a new recession which may trigger formidable developments?

According to the latest statistics published in August by Eurostat, the EU statistical service, the euro area economy grew by a meager 0.3% during the second quarter of this year. Despite the fact that the mere three decimal points of more gross product typically illustrate a positive development for the Eurozone economy, there are other […]

More billions needed to help Eurozone recover; ECB sidesteps German objections about QE

The Eurozone economy has been taking two steps forward and one step backward over the past few months. The minimal increase of the GDP growth rate to 0.4% during the first quarter of this year and the equally small increase of people in employment was accompanied by a fall of industrial production and a decrease […]

Are ECB’s €500 billion enough to revive Eurozone? Will the banks pass it to the real economy?

The major indicators that an economy is in recession and probably heading to something worse like a crisis, are falling prices and crumbling wages. Eurozone suffers of both of them. According to Eurostat, the EU statistical service, the annual growth of labour cost dropped in the euro area to 1.3% during the third quarter of […]

Eurozone: GDP development heads to naught; the expensive euro serves only Germany

A new Eurostat wave of data statistically confirmed that Eurozone is utterly moored in economic stagnation, with disturbing signs that this might even turn to recession. Most significantly, last week the EU statistical service issued an estimate that the euro area GDP idled with a zero growth rate during the second quarter. The same source […]

Trade surplus up production down in Eurozone

Despite the apparent slow-down of the world economy and the drop of external demand for Eurozone products the first estimates by Eurostat, the EU statistical service, show a hefty trade surplus of €13.7 billion for the 17 countries single money zone in November 2012. Not all news however was positive for Eurozone in November. Industrial […]