27 Nov 2023
During 25 years before joining the Euro Italian Lira lost 83% against Deutsche Mark. Last 25 years they have been pegged. How much value would the Lira have lost against Deutsche Mark without the peg?
Source: Bloomberg, Michel A.Arouet
27 Nov 2023
German exports of motor vehicles and parts (blue) to Kyrgyzstan are up 5500% since Russia invaded Ukraine
Is Kyrgyzstan suddenly in a massive boom or are these vehicles and parts just transiting through Kyrgyzstan? Source: Robin Brooks
24 Nov 2023
French and German economies are slumping
Source: Bloomberg
23 Nov 2023
Far-right lawmaker Geert Wilders, who wants a referendum on leaving the EU, is on course to win the most votes in parliamentary elections in the Netherlands
However, according to an exit poll, Wilders’s Freedom Party is projected to win 35 seats, substantially less than the 76 required to secure an outright majority. Source: FT
22 Nov 2023
German growth forecasts for 2024 have been cut following the budget chaos after the Constitutional Court declared govt's spending plans unconstitutional
The consensus now expects GDP growth for Germany of just 0.4% for the coming year. Source: Bloomberg, HolgerZ
20 Nov 2023
Wine production reached 16.1 billion (bn) litres in the EU in 2022. Top producers:
1) Italy (5.0 bn litres) 2) Spain (5.0 bn litres) 3) France (3.4 bn litres) Source: EU Eurostat
15 Nov 2023
The Shanghai Cooperation Organization (SCO) is a Eurasian entity uniting political, economic and security interests
It serves as a counterweight to Western influence in the region. Source: Visual Capitalist
13 Nov 2023
It looks like Germany is in for high electricity prices for quite some time...
Source: HolgerZ, Bloomberg
