Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.

Troubling Times for Fortress Europa | 76 comments (76 topical, 0 editorial, 0 hidden)

Re: Troubling Times for Fortress Europa (4.00 / 2)

The Euro zone trade surplus lasted for so long that it seemed "structural." That's over. In the first 6 months of 2022, there was a trade DEFICIT of EUR -140 bn vs a SURPLUS of EUR +101 bn in the same period in 2021. Huge negative terms-of-trade shock that's pulling down Euro... pic.twitter.com/2O4aISLBgP
— Robin Brooks (@RobinBrooksIIF) September 2, 2022

by generic on Fri Sep 2nd, 2022 at 08:09:30 PM EST

euro depreciation (4.00 / 2)

EU exports return less USD to CB reserves. Less USD reserves produce more expensive USD-denominated "energy". More expensive USD-denominated "energy" produces fewer EU27 commodities for export. Buh-bye surplus.

by Cat on Fri Sep 2nd, 2022 at 08:34:01 PM EST
[ Parent ]

Troubling Times for Fortress Europa | 76 comments (76 topical, 0 editorial, 0 hidden)

Top Diaries

Energy (and Other) Events Monthly - October 2023

by gmoke - Oct 1

Ireland 13 South Africa 8

by Frank Schnittger - Sep 24
3 comments

UNGA: West Censors the South and East

by Oui - Sep 19
19 comments

EU VDL State of the Union -- Managing Decay

by Oui - Sep 13
36 comments

Rugby World Cup 2023 Week 1 review

by Frank Schnittger - Sep 11
5 comments

Reactionary Visions and eNtiTiES

by Cat - Sep 13
9 comments

Recent Diaries

Energy (and Other) Events Monthly - October 2023

by gmoke - Oct 1

UA Laboratory NATO First Space War

by Oui - Sep 30
20 comments

United Nations In Stalemate Position

by Oui - Sep 29

Biden's Headache in Middle East: Israel

by Oui - Sep 28

EU as Client State of Joe's America

by Oui - Sep 27
11 comments

Canada's Trudeau Honoring an Ukrainian Nazi Collaborator

by Oui - Sep 26
20 comments

Ireland 13 South Africa 8

by Frank Schnittger - Sep 24
3 comments

UNGA: West Censors the South and East

by Oui - Sep 19
19 comments

A Tale by Benjamin Franklin

by gmoke - Sep 17
3 comments

Fail in Democracy Return to Authoritarianism

by Oui - Sep 15
3 comments

Yemen From Ceasefire to Peace Talks?

by Oui - Sep 15

Huge Cost Proxy War of Choice

by Oui - Sep 14
11 comments

EU VDL State of the Union -- Managing Decay

by Oui - Sep 13
36 comments

Reactionary Visions and eNtiTiES

by Cat - Sep 13
9 comments

Top Military War Planning Under Joe Biden - Ukraine

by Oui - Sep 12
9 comments

Rugby World Cup 2023 Week 1 review

by Frank Schnittger - Sep 11
5 comments

Joe's Fuck the EU -- Showdown

by Oui - Sep 9
29 comments

Modi G20 One Earth, One Family, One Future

by Oui - Sep 7
13 comments

Conflict In Syria's Deir Ezzor Province

by Oui - Sep 6
1 comment

September 2023

by Oui - Sep 1
215 comments

More Diaries...

Occasional Series