In the debate about a possible exit of Greece from the euro area, Argentina is often referred to as an example - both by those in favour of and those warning of the adverse effects of a Grexit. Yet, while Argentina pulled off an impressive economic recovery after its 2001-02 crisis - one that...

The economic and financial crisis has hit Spain harder than practically any other country in Europe. Even if there are occasional reports that the Spanish economy is improving slightly, the unemployment rate remains at 25 per cent and is as high as 54 per cent among Spain's young people. The...

Whereas in 1970 most of the large EC countries were still recording real growth rates in excess of 5%, after the two oil crises there was an appreciable slowdown in economic expansion and at the beginning of the eighties even a real contraction. At the same time unemployment increased...