The Economist (May 25, 2013)
“Unfortunately, the idea that the euro is yesterday’s problem is a dangerous figment. In reality, Europe’s leaders are sleepwalking through an economic wasteland…. For everyone’s sake, Europe’s leaders must shake themselves out of their lethargy. They must grasp that if they do not act, the euro zone faces stagnation or break-up—possibly both.”
Wall Street Journal (May 9, 2013)
“The yen’s decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices.”“The yen’s decline signals hopes for a more groundbreaking economic shift: the reversal of nearly two decades of stagnation, weak demand and declining prices.”
Tags: Demand, Economic shift, Hope, Japan, Prices, Stagnation, Yen
Economist (November 4)
First elected prime minister in 1994, Silvio Berlusconi has become the longest serving leader in the G8. He has proved a shrewd fighter, weathering numerous scandals and crises. For Italy, however, his extended reign has created “a comedy that has gone on too long.” The Economist believes change is needed: “what Mr Berlusconi really offers is not stability but stagnation. Far from steering Italy skilfully past the many dangers that confront it, his government has become almost totally paralysed.”
Tags: Berlusconi, G8, Italy, Stagnation
