Posts Tagged ‘ERM-2’

The Baltic Depression: Lessons For The Rest Of Europe?

Fri Sep 3, 2010 17:03 GMT  | Leave a Comment

The three Baltic economies of Estonia, Lithuania and Latvia have been the biggest losers of the 2008-2009 global financial crisis, contracting by 14.1%, 14.8% and a whopping 18.0% in 2009 respectively. After overheating in the preceding three years (Latvia grew on average 10.9% between 2005 and 2007), tightening global credit conditions towards the tail-end of… [Read more]

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Posted in: Emerging Europe, Eurozone, General Leave a Comment

Eurozone: Painful Internal Devaluations Unavoidable

Wed Jun 23, 2010 18:36 GMT  | Leave a Comment

Financial markets seem to have a very short memory span when it comes to aligning with macroeconomic fundamentals these days. Though the release of housing sales numbers in the US today and the short-lived euphoria of China’s loosening of its exchange rate regime at the start of the week seem to have shaken up equities… [Read more]

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Posted in: Eurozone, Inflation/Deflation Leave a Comment

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