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Looking for evidence of rebalancing in Europe? Don’t look here: German 2012 trade surplus soars despite weak December reports Germany’s trade surplus was the second highest in more than 60 years in 2012, pointing to an underlying resilience in Europe’s largest economy, although both imports and exports disappointed in the last month of the year
Nothing, Nothing At All A while ago, one Gerhard Wisnewski was trying to somehow, but not really, blame the Weasel, for the German Wikipedia agreeing that the European Institute for Climate and Energy (EIKE) was no more a source of reliable information than, say Willis Eschenbach and that links that cited EIKE were verboten. Eli and the Weasel flipped them off, but Willis thinks that Wisnewski’s best was worth posting on the world’s funniest science denial site . Before the comments wandered off into the libertarian shrubbery even Russell would have a hard time keeping up with the queer. Nothing surprises me as regards that weasel (sic) character! Wall, first and coming revolution spring immediately to mind! Carrick would insist that was a love note In writing a short Wikipedia article on New Zealand Climate Science I referred to Professor Bellamy as a renowned botanist, which of course he is. That bastard Connolley changed that to television presenter. Herr Prof
Iceland Wins! "Icesave" Lawsuit Dismissed, Court Orders EC and EFTA to Pay Costs Posted by Michael Shedlock at 12:09 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s)
Read More: Pettis: Nine Things to Watch in 2013; Unwarranted Outbreak of Optimism in China and Europe; The Great Rebalancing
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Continued here: Eurozone Unemployment Hits Record High 11.8%; Spain 26.6%; Greece 26%; Youth Unemployment top 56% in Greece and Spain
Near survey-record year-on-year fall in retail sales Rate of job losses fastest since July Business sentiment weakens to series low Summary: Italy’s retail sector remained in a steep downturn in December, with sales dropping sharply according to both monthly and yearly measures. Gross margins decreased amid a further rise in average wholesale prices, while firms cut employment and purchasing activity in line with lower sales. The month also saw business sentiment hit a record low
View article: France Economic Implosion Underway; French Retail Sales Contract 9th Consecutive Month as Cost Inflation Surges
Continued here: Merkel’s Hypocritical, Undeserved Self-Praise; German Taxpayers at Serious Risk of Uncontrolled "Transfer Union" Budgets
Visit link: Euroskepticism on Rise in New EU Members