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Europe's Public Debt and Unemployment Remain High

Published: November 25, 2010; 11:48 · (Vindobona)

Austrian Institute of Economic Research: The revival of the EU states, driven by expansionary economic policies and export growth, is ebbing.

Europe's Public Debt and Unemployment Remain High / Picture: © Vindobona.org

The economy in Europe is growing in real terms by 1.75% in 2010, a rate which allows just to catch up with half the slump caused by the recession of the previous year. Within the EU however, there are significant differences.  In particular Germany has benefitted by the upswing in the global economy  through the orientation of its export industry to capital goods and their high…

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