The system that is used to measure a nation’s economy is so complex that it would take a group of national-accounts experts to even attempt to forge the data.
Finnish unions threaten to strike in February over government cuts to social benefits. They forget the massive, destructive government growth that took place 15 years ago.
In the cacophony of EU criticism, it is easy to forget that Hungary is one of Europe’s most enduring economic success stories. The unfolding recession has not changed that.
If Sweden were to join the euro, its economy would be less unstable, but more stagnant. The situation for Swedish households and domestic-oriented businesses would go from bad to worse.
