Europe

Continued from Part One. Across Europe, figures understandably vary. Whereas Germany and France’s jobless rates held steady at 5.7 percent and 10 percent, respectively, Spain’s hit 23.6 percent in February, up from 23.3 percent in January and Greece’s was at 21 percent in December — since then, the authorities have been unable or unwilling to [...]

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To quote Dickens: it was the best of times, it was the worst of times. But where Dickens’ A Tale of Two Cities was talking about life in the cities of London and Paris in 1775, we could paraphrase the same sentiment to consider the relative positions of two of the largest economies in the world. [...]

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The skiing may be great, but the surroundings seem largely lost on attendees at Davos in Switzerland, known to the frivolous of us as more of a top-class ski resort than a once-a-year talking shop for politicians, economists and owners of the largest hedge funds. The Federal Reserve rather stole the show this year when [...]

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