Those who would turn the French economy certainly have their job cut out for them. Apart from the occasional rays of sunshine, France, since before the global financial crisis of 2008-09, has suffered a steady decline in worker productivity and business profitability. Read Here – National Interest
The U.S. unemployment rate fell to 7 percent in November, the lowest since November 2008, raising questions about how much longer the Fed will keep fueling the economy with monetary stimulus. Read Here – Businessweek Let It Ride – The Economist
So Merkel-Land is looking at stasis, thanks to too much chumminess among the parties. In the next four years, we won’t be seeing any more magazine covers celebrating Angela I as “queen” or “empress” of the Continent. Read Here – Bloomberg
Chancellor Angela Merkel won a resounding election victory on Sunday as her conservatives scored their best result since reunification in 1990. It’s a personal triumph for her, but she still faces tough negotiations to form a stable government. Read Here – Der Spiegel
Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment rate was higher than the eurozone average; it was violating the European budget rules by running excessive deficits; and its financial system was in crisis. A decade later, Germany […]
looking beyond borders 