Public social expenditures falling in most countries but still above pre-crisis levels
New economic figures from the Organization for Economic Cooperation and Development showed an increase in public spending among developed countries during the global financial crisis, but a survey of European nations indicated publics were now looking to ratchet it down.
Greeks, stung by recession, lukewarm on U.S. relations
Prime Minister Antonis Samaras of Greece visits the White House for the first time today, at a time when anti-U.S. feeling in his country is running high.
As France celebrates Bastille Day, a dark mood pervades
On July 14, 1789, a large mob descended upon the Bastille prison in Paris, overrunning the garrison and executing the jail’s defenders. This event, which came after years of escalating tensions between the nobility and commoners over issues such as debt, taxation, and enlightenment ideals, became a flashpoint for the French Revolution. Two-hundred and twenty-four […]
The Mediterranean: Go for the beaches, not the mood
The Mediterranean is a sea of misery, according to the Pew Research Center’s recent report on global economic trends. Nations ringing the Mediterranean consistently rank at or near the top of multiple measures of pessimism in the 39-country survey. And, in what should surprise exactly no one, Greece has by far the bleakest outlook, topping […]
Despite Public Fears, European Inflation Remains Tame
Although a Pew Research Center survey found concern in European Union countries about rising prices, the European statistical agency said the EU’s annual inflation rate in April was 1.4%, down from a rate of 2.7% in April 2012.
Despite public fears, European inflation remains tame
Eurostat, the European statistical agency, announced today that the European Union’s annual inflation rate in April was 1.4%, down from a rate of 2.7% in April 2012. Nonetheless, across eight EU nations surveyed by the Pew Research Center in March 2013, a median of 67% said rising prices were a “very” big problem in their […]
France and Germany: A Tale of Two Countries Drifting Apart
A political, economic and demographic divide has opened up between France and Germany.
Threat to the EU: German Exceptionalism Poses a Challenge
The euro crisis has exposed a range of intra-European problems long hidden from the harsh light of day. Not the least of these is German exceptionalism.
Europeans grow dissatisfied with the inequities of the economic system
A major casualty of the euro crisis has been Europeans’ faith in the fairness of their economic system, according to a new poll by the Pew Research Center. In what is now the fifth year in the wake of the Great Recession, Europeans believe that inequality is now a major problem in their societies and think […]
Europeans Grow Dissatisfied with the Inequities of the Economic System
In what is now the fifth year in the wake of the Great Recession, Europeans believe that inequality is now a major problem in their societies and think that things will only get worse.