I think that the article is extremely objective in terms of the facts provision. I would add that the main source of insecurity for the people is derived by the government itself (both the elected ex government of Pasok and the current transition government) which do not hold any social legitimacy at all among the majority of Greeks.
Where Greeks hide their savings
With safes and Swiss accounts, rich Greeks could stand to profit from the crisis.
I found an exceptional presentation of rough data by various official sources like Eurostat, IMF, World Bank in tables and graphs regarding the macroeconomic situation and the debt crisis the EU is experiencing. The site is knowledge Performance Indicators (KPI) and can be accessed here. Worth a visit! Unfortunately the data cannot be automatically extracted by the KPI Library.
Few days ago I came across an article entitled “This Chart is the Holy Grail for Understanding Europe” and signed by Joe Weisenthal. While discussing the recent dramatic developments in the EU with Greece and Italy being at the very edge of economic and social stability and in essence flirting with a “default” which could, especially for the case and magnitude of Italy, propagate the financial crisis towards the core of Europe, Joe mentions that primarily and almost solely Germany is the country that has been influenced positively by the EMU through an incline in exports.
I remembered that i had written an essay (2010) on the issue of intra-EU trade and its connection to the implementation of the common currency. You may read the entire essay here.
My main points were:
1) The basic economic gains from the Economic Monetary Unions and hence the Euro zone were the elimination of the transaction costs, the exchange rate certainty that comes with a single currency, and the price transparency since the consumer can compare national with foreign (within the Euro area) prices more easily. As was explained, all lead to a possible increase in trade since these parameters affect the economic environment in a positive way allowing space for extra trading activity.
2) The prevailing dimension is that Euro does have a positive effect on trade among the Euro zone countries but this is NOT as high as
Rose forecasted (maximum 15 to 20 percent in the long run) and thus the gains from an increase in trade should not be a unique reason for a country to enter the euro area.
3) it was found that entering the euro zone leads to trade creation (not diversion).
4) Lastly, should be noted that although evidence shows a certain increase in trade after the adoption of the Euro among the Euro zone countries, has not been clarified whether this phenomenon is solely caused by the Euro or other policies that led to the establishment of the European Monetary Union.
5) Hence, our main consensus is that Euro should lead to a limited increase in trade among participant countries but is not statistically significant that the main reason for this increase is the introduction of the common currency.
Hence, given the observations that I made on the essay, intra-EU trade seems to be affected slightly positively by the introduction of the European currency while even that is argued by some economists.
The truth about the euro is that only core euro zone states like Germany (and even perhaps only Germany) are expanding exports to the other euro allies. The latter (especially those at the periphery) who tend to be less competitive for the beginning of the euro advventure find themeslves losing exports to other euro states.
New one-stop portal makes requests for EU documents easy
Brussels/Madrid, Wednesday 28 September 2011 – on 28 September 2011, the 9th
International Right to Know Day, pro-transparency human rights group Access
Info Europe will be unveiling the AsktheEU.org web portal by which the
public can ask for information from EU bodies.
Below I list official data sources that contain datasets for European countries only. These might be both member countries of the European Union or not:
The links will be updated regularly.
Please let us know any other sources by sending an email to firstname.lastname@example.org or in the form of a comment below.
- Council of European Social Data (European Continent)
- EUROSTAT: The motherland of data (EU member states)
- European Commission Economic and Financial Affairs: ACCESS SEVERAL THEMATIC DATABASES FROM THE LEFT SIDE MENU
- European commission: General Government Data (EU member states)
- European commission: Social Data (EU member states)
- European Central Bank: The ECB Statistical Warehouse containing monetary data
- PublicData: A EU open data initiative
- European Values Survey: Data on cultural perceptions of the Europeans (also check the world values survey)
- European Social Survey: Data on social capital characteristics among the Europeans
- AsktheEU.org: Freedom of Information requests addressed to EU agencies
- OpenTED: Data of the EU procurement database
- Austria: Statistik Austria
- Bulgaria National Statistical Institute
- Croatia Central Bureau of Statistics
- Cyprus Department of Statistics and Research
- Czech Republic Czech Statistical Office
- Denmark Statistics Denmark
- Estonia Statistical Office of Estonia
- European Community (EC) EUROSTAT
- Finland Statistics Finland
- France National Institute of Statistics and Economic Studies (INSEE)
- Germany Federal Statistical Office
- Greece National Statistical Service
- Hungary Hungarian Central Statistical Office
- Iceland Statistics Iceland
- Ireland Central Statistics Office
- Italy National Institute of Statistics
- Latvia Central Statistical Bureau
- Lithuania Department of Statistics
- Luxembourg National Institute of Statistics and Economic Studies
- Malta Central Office of Statistics
- Netherlands Central Bureau of Statistics (CBS)
- Norway Statistics Norway
- Poland Central Statistical Office
- Portugal National Institute of Statistics
- Romania National Commission for Statistics
- Russia Russian State Committee for Statistics
- Slovakia Statistical Office of the Slovak Republic
- Slovenia Statistical Office of the Republic of Slovenia
- Spain National Institute of Statistics
- Sweden Statistics Sweden
- Switzerland Swiss Federal Statistical Office
- Turkey State Institute of Statistics
- United Kingdom
- Yugoslavia Federal Statistical Office