European Tribune - Comments - The euro at 10 - the return of the real economy

The euro at 10 - the return of the real economy | 90 comments (90 topical, 0 editorial, 0 hidden)

about US manufacturing, which is not as inexistent as most people think. But generally the point is that finance has squeezed manufacturing activity everywhere, and this was most acute in those countries that were at the heart of the financial world, is the US and, firstly, UK.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sat Jan 3rd, 2009 at 09:49:59 AM EST
[ Parent ]

Re: Fair point (4.00 / 2)

one weird data point is Switzerland which has a prospering, as far as I know, high value manufacturing base despite or because of its dependence on banking.

by rootless2 on Sat Jan 3rd, 2009 at 03:53:05 PM EST
[ Parent ]

Re: Fair point (4.00 / 3)

i should also point out that that UK has TWO problems: a much too big financial sector and oil wealth that cushioned the collapse of manufacturing but is pretty much gone now. Thatcher was only possible because of the north sea oil fields.

by rootless2 on Sat Jan 3rd, 2009 at 03:54:44 PM EST
[ Parent ]

The euro at 10 - the return of the real economy | 90 comments (90 topical, 0 editorial, 0 hidden)

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