Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Sorry, I must hold your patience even further - I only have time for a short reply today, and I will write only about the economy.

It is relatively fine - some numbers good, some not.

Foreign debt grew sharply, to euros 60.2 billion brutto/25.7 billion netto (however, most of it is private). Budget deficit is high, but decreasing. Bids still cover only a small part of EU money available in structural funds.

Joblessness grew last winter, but now it is stable at 7%. Differences between poor and rich are still low compared to many Western countries, but again slowly increasing (they decreased during the spending spree). However, the average wage is increasing significantly (this May, 11% year-on-year netto).

Inflation is decreasing, now 3.7% over 12 months. GDP is still growing at a seasonally adjusted 3.7% - in sync with the global economy, but less than other 'developing' countries.

However, as I implied and will show in my next post, politics here is not about real issues.

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Sun Aug 14th, 2005 at 02:19:48 PM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Grexit and Propaganda

by Metatone - Jun 29
50 comments

The new Utopia

by chumchu - Jul 2

Ready for tomorrow?

by Luis de Sousa - Jun 28
23 comments

Iron Curtain Mark 2

by DoDo - Jun 23
22 comments

Yap essence of money

by das monde - Jun 26
24 comments

End game for Greece?

by Frank Schnittger - Jun 20
355 comments

Recent Diaries

Occasional Series