TITLE

Things can only get better

AUTHOR(S)
Peat, Jeremy
PUB. DATE
July 2001
SOURCE
Accountancy;Jul2001, Vol. 128 Issue 1295, p74
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article examines the economic performance and prospects of countries that form the eurozone in Europe as of July 2001. Europe is by no means one economy. Within the 12 countries that form the eurozone, economic performance and prospects are mixed. Thus, France is outperforming Germany, the periphery of the zone is tending to grow faster than the core, and Ireland is positively idiosyncratic. The story of the eurozone can be readily summarized. Through 1999 and into 2000, growth was strong, with unemployment falling sharply from unacceptably high levels. Now growth has slowed, and the outlook for the rest of this year is less appealing than it appeared a few months back. Europe is not immune to the U.S. slowdown, despite being more inward-looking since the introduction of the euro and despite the benefits for trade from the single currency's continuing weakness. In addition, there are understandable concerns about the operation of economic governance and the potential for sustained rapid growth, given the limited progress towards enhanced flexibility in labor and product markets. The coming of euro notes and coins in January 2002 should accelerate the completion of the single market, in goods and services.
ACCESSION #
4953543

 

Related Articles

  • The Road to Union Renewal: From Organizing the Unorganized to New Political Alternatives. Yates, Charlotte A.B. // Canadian Dimension;Mar/Apr2004, Vol. 38 Issue 2, p26 

    In many of the advanced economies, unions are in serious trouble. Evidence of this is found in declining union memberships, the slowness with which new workers join unions and the political and social marginalization of unions and their central labor federations. This crisis for unions is in...

  • Behind the mask. Scurlock, Alexander // Money Management;5/12/2011, Vol. 25 Issue 17, p22 

    In this article, the author discusses the convergence of peripheral economies and core Europe. He mentions that Europe's single currency move allowed peripheral economies including ex-Soviet and far countries to catch up to the stronger and competitive economies of core Europe. He also believes...

  • Looking forward. Kern, David // Accountancy;Jul99, Vol. 124 Issue 1271, p67 

    This article discusses whether in the scenario of increased monetary credibility in Great Britain, and weakening Euro, Great Britain should join the Eurozone. The euro's persistent weakness has mainly been due to the disappointing economic performance of the eurozone economy. Slow growth and...

  • Patterns of Labour Market Entry - Long Wait or Career Instability? An Empirical Comparison of Italy, Great Britain and West Germany. Scherer, Stefani // European Sociological Review;Dec2005, Vol. 21 Issue 5, p427 

    Current discussion in Europe focuses closely on (partial) labour market de-regulation as a means to combat constantly high (youth) unemployment. The paper argues that this perspective is too narrow and fails to account for existing national institutional differences. It suggests that the focus...

  • Ungleichheiten auf dem Arbeitsmarkt aufgrund von Bildungsunterschieden und die Rolle der Arbeitsmarktderegulierung. Bennett, Jenny // Zeitschrift für Sozialreform;2012, Vol. 58 Issue 3, p289 

    On European labour markets, we often find large differences of unemployment risks according to the skill level. While high-skilled workers rather easily managed to adapt to changing economic conditions, the low-skilled appear to be the losers of technological progress. The aim of this paper is...

  • Crisis rooted in deregulation of financial, labour markets. Jackson, Andrew // CCPA Monitor;Apr2009, Vol. 15 Issue 10, p17 

    The article focuses on the increasing unemployment in Canada due to global economic crisis. It notes that this economic phenomenon is due to the deregulation of the international financial industry and the labour markets. Moreover, efforts to stabilize the labour industry includes raising...

  • A Major Market Merger. Miller, Karen Lowry // Newsweek (Atlantic Edition);05/15/2000 (Atlantic Edition), Vol. 135 Issue 20, p57 

    Analyzes the depreciation of the euro despite Europe's efforts toward economic competitiveness. How the euro has depreciated since its inception; Effect of the United States economy's six percent growth rate on the value of the euro; Opinion that far-reaching financial transformations take time...

  • The European Envy Effect. Schmieding, Holger // Newsweek (Pacific Edition);7/30/2007 (Pacific Edition), Vol. 150 Issue 5, p35 

    The article reports that Europe is doing well economically. The article states that 13 countries use the euro as their common currency and that envy of the high standards of living in the West promoted financial growth. The article gives examples in the economic conditions in Germany and France...

  • SO MUCH FOR A MIGHTY EUROPE. Theil, Stefan // Newsweek (Pacific Edition);10/1/2007 (Pacific Edition), Vol. 150 Issue 14, p29 

    The article focuses on the impact that a forecasted economic crisis will have on the European economy. The economy had been improving with job creation higher than in the U.S. during 2006 however, the euro's value is rising as are food and energy costs and the European Central Bank has increased...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics