The COVID-19 pandemic has led to the biggest global recession since the Second World War. Forecasts show the European Union underperforming economically relative to the United States and China during 2019–2023. Southern European countries have been particularly strongly affected. Some sectors...

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...

In summer 2018, Greece left the EU rescue umbrella. Enormous efforts were made by the Greek state and its population to cut back its over-consumption and recurring new debt. The austerity measures were associated with numerous reforms aimed at advancing the Greek economy. Doubts that sustainable...

In the context of the ongoing financial and economic crisis reference is frequently made to the Great Depression of the 1930s and fears are voiced that we may have embarked on a similar path. This article looks at the conditions prevailing back then and compares them with the present economic...