Deutsch Zusammenfassung: Estland gilt als ein Musterland für den erfolgreichen Umbau einer sozialistischen Wirtschaftsordnung zu einer funktionstüchtigen Marktwirtschaft. Aufgrund des positiven Estlandbildes, das einen starken Kontrast zu den Krisengemälden aus südeuropäischen Euro-Ländern...

In view of the Russian annexation of Crimea and its ongoing efforts to destabilise Ukraine, political decision-makers in the EU and the US are considering economic sanctions against Russia. The article analyses whether the German economy would be affected by restrictions on trade and investment...

Current economic developments in Portugal do not portend well. The Portuguese GDP is shrinking and the growth forecast for 2012 is gloomy - in the EU only the forecast for Greece is even worse (Figure 1). Moreover, Portugal is now having to pay double-digit interest rates on its bonds, its debt...