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Another Massively Interactive European Chart
With all chart porn these days focusing on Europe, the Economist may have outdone itself with this combo set of all key financial and economic statistics for European countries.
Here is the caption provided by the Economist:
EUROPE is damned if it does and damned if it doesn't, fiscally speaking. Fears that Greece's debt crisis presage similar episodes elsewhere in the euro zone—notably in Portugal and Spain—have sent sovereign-bond yields for several southern European countries drifting higher, and have fuelled fears about the exposure of Europe's banks to indebted governments. Attempts to rein in the public finances may calm bond markets but they also risk weakening growth, which makes life more difficult for exporters in places like China and America, and spells trouble of a different kind for the banks.
The interactive graphic above underlines some of the problems that the European economy faces. In 2009 only Poland of the 27 countries in the European Union managed to record positive growth. Although many countries have now returned to growth, it is generally anaemic. In many countries unemployment rates have not risen as much as you might expect given the depth of the crisis—there are times when making it hard to fire people has some advantages. But the flipside of labour-market rigidity is that the unemployment rate may be "sticky", because firms have less need to hire as recovery takes hold. That will keep demand growth subdued.
Mediocre growth rates are more of a problem for some countries than others. They spell particular trouble for those that have high levels of debt and that do not have the option to devalue their currencies. That explains why Greece was first to lose the confidence of the markets: with a public-debt-to-GDP ratio of 115% and a budget deficit of 13.6% in 2009, it was the euro zone's outlier country. Other countries are now scrambling to avoid Greece's fate. Ireland, another heavily indebted euro-zone member, embarked on austerity early; Portugal and Spain, whose problems stem as much from levels of external and private debt as from government borrowing, have had their hands forced. Others still are pruning before the markets exert real pressure: Britain's debt has the longest maturity of any EU member but it is still aiming to get its finances in order within four savage years.
Full chart after the jump
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There is a big lake in the middle of Europe where Switzerland used to be.
yes
that is the most interesting thing about this map
...maybe soon a more apt description will be: a really big lake around Switzerland where the EU used to be.
These financial detail maps of Europe need accompanying music and a riding crop icon for a mouse pointer.
maybe it will look like the 17th at sawgrass.
Or maybe Switzerland isn't a part of the Eurozone.
You are right, but either are a bunch of green countries on the map. I figure it is a way for the Euro map makers to snub the swiss... Pretend they dont exist. I mean who cares about clocks, chocolate, or screw machines.
we also produce guns and prostitute
≠ ?
teaddy,
Does your Government STILL allow your citizens to take their FA weapons home with them?,like they used to?.
I heard rumor, they DID NOT.
Would like to hear it from someone who lives there.
PS: I hope you don't Prostitute................I heard you have Prostitutes.(:>)
More accurately, the coloured countries are the 27 members of the European Union. Switzerland, Norway etc are not members.
.
und sie arrowen signfyin sie Panzer advancen vor Deutsheland!
(many pardons to the German languish.)
≠
≠
Excellent Dr No, that made me laugh!
DavidC
Switzerland was all like "Screw you guys, I'm goin' home."
There is a big lake in the middle of Europe where Switzerland used to be.
There's another missing link up there north of Jutland; they have their own currency and oil wells, too.
I cant figure out why Ireland hardly ever gets a mention these days, the poop has really hit the prop big style.
S&S,
That's why............written off.
Seems to be a slow Friday.
Don't think much is gonna happen until the ramp up to 1081 at 3:30.
surest bet in the market lately
and US public debt vs GDP is what again.........?
I think everybody has realized that the US has already been completely destroyed - a basket case, if you will, drowning in the depths of hell from which there is no return - which is why they are focusing on the next target of destruction.
Does the "New Normal" have you down Gordo?
Oh, let us not get too ahead of ourselves in the destroy category. We still will have the fun of moving the Propylene Glycol bath up the East Coast and then power washing everyone within 300 miles of the coast with a Cat 5 Hurricane. Now that's just a marginal beginning of "completely destroy."
hahahahahahahahahaha....keep smiling.
Oh, in difference to the creator of FX heatmaps prevoiusly posted on ZH, The Economist actually noticed that Sweden has a currency of our own, even thogh we are obliged to use the Euro by the terms of our entrance - in diference to the UK. But I suppose we could write that off by being the only ones to follow the deficit restrictions...
"But the flipside of labour-market rigidity is that the unemployment rate may be "sticky", because firms have less need to hire as recovery takes hold."
On a sidenote; we(the poeple with independent thinking) have known this in Sweden since the 90:s... Maybe longer, im born 1988 so...
The mailbox belonging to............. is full.
More rally next week ?
http://stockmarket618.wordpress.com
http://www.zerohedge.com/forum/latest-market-outlook-1
Very Possible!!!!!!
http://www.guardian.co.uk/business/2010/jul/11/gold-shines-uncertain-market
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