"Ireland GDP per capita" - Economics Help

Question: Why is the current recession (2012) in Europe so bad?

19 January 202011 April 2012 by Tejvan Pettinger

Readers Question: Why is the current recession in Europe so bad? The recession in the Eurozone is one of the deepest recessions on record. For example, Greece are expecting 2013 to be the sixth consecutive year in recession (with on and off quarters of recovery)- this is one of the longest recession on record. Output …

Greece Current Account Deficit 2009

22 January 202026 January 2009 by Tejvan Pettinger

Readers Question: Greece has a current account deficit of almost 14% (!) of GDP and Greece is a member of the EU. How can it resolve the problem if it cannot devalue the currency ( the quick way out, which was used in the past when the greek drachma was around) and when productivity is …