Compared with the third quarter of 2019, the government debt to GDP ratio rose in both the euro area (from 85.8% to 97.3%) and the EU (from 79.2% to 89.8%): the increases are due to two factors -government debt increasing considerably, and GDP decreasing.
“A brief reflection on the latest crisis that is about to engulf the Eurozone. I am referring to the announcement by the Italian government that it will target a fiscal deficit of 2.4 per cent […]
The latest ILO data on the labour market impact of the COVID-19 pandemic reveals the devastating effect on workers in the informal economy and on hundreds of millions of enterprises worldwide. Read here
Wren-Lewis takes a very sobering approach to the idea of creating a European Monetary Fund. The problem is, who should run it? Definitely not politicians, writes Wren-Lewis. He sees the technocrats as the lesser evil. […]
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