The Tale of Two Diverging Economies

Chris Giles and Ralph Atkins of Financial Times tell the tale of two diverging economies.

While there are many "good examples of the new European economy: robust, diversified and able to sustain growth without a US motor...anecdotes cannot supply conclusive proof of Europe’s new resilience," they write. "In recent months, the debate has been fierce, with opinion among economists split roughly equally between optimism and pessimism." Wild differences seem to be part of the common course when it comes to much of economic opinion. It seems that Europe is finding its own internal growth engines, and having continually improved its infrastructure and expanded on trade with others while paying very little military tax, it has braced itself to weather changes.

A similar story by Marcus Walker appears on page one of The Wall Street Journal on December 6: "Europe is Giving Global Economy A Surprise Boost Amid U.S. Lull."

In the meantime, ties remain and mutual investment between the two economies has dwarfed all others.

Comments:

Your blogs contains the cluster maps in the margins, that contains the places visited since Dec 1st 2006. It is just 5 five days since Dec 1st. How can you have visited so many place in 5 days ?

Posted by Mr. Curious on December 06, 2006 at 01:07 AM PST #

I don't visit these places myself. Visitors from these places "visit" this blog.

Posted by M. Mortazavi on December 06, 2006 at 01:48 PM PST #

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