There has been a lot of talk about the future of the EURO. However, there is not much talk about what the EURO has delivered so far. Here is some data.
In terms of the GDP growth rate the introduction of the EURO in 2002 has “coincided” with much lower growth rate in the EURO area than before (first graph).
In terms of the share of world GDP we see that the introduction of the EURO “coincided” with faster deterioration of the euro area’s share of the world GDP (second graph).
The main question that policy makers should ask and answer is: Is the EURO responsible for the the poor performance of the euro area so far or is it just a coincindence?
what do you think?
More independent economic analysis at http://www.florincituadvisory.com. (only in Romanian for now).
Mai multe analize independente la www.florincituadvisory.com. Saptamana aceasta apar FINANCIARIA si MONETARIA disponibile doar pentru abonati. Cei care s-au inregistrat primesc detaliile pe mail despre cum pot sa se aboneze.