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Euro Area in Charts

Euro Area in Charts. tutor2u ™. Key Issues. Which countries have joined the Euro Zone? Why have convergence criteria? What are the basic effects of a single currency? What are the motivations for joining the Euro? The case for UK entry The case against UK entry Optimal currency areas

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Euro Area in Charts

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  1. Euro Area in Charts tutor2u™

  2. Key Issues • Which countries have joined the Euro Zone? • Why have convergence criteria? • What are the basic effects of a single currency? • What are the motivations for joining the Euro? • The case for UK entry • The case against UK entry • Optimal currency areas • Recent macroeconomic performance of the Euro Zone area • Tensions for the single currency in 2009-2010

  3. Euro Zone Interest Rates

  4. Euro Area macroeconomics • Steady growth since 1996 came to an end in 2008 when the Euro Area moved into recession • There have been sizeable differences in macroeconomic outcomes within the Euro Area • Almost inevitable given the structural differences in the sixteen economies that now have the Euro • Tensions are rising as growth falters, unemployment rises and individual countries struggle to come to terms with the global credit crunch

  5. An overview for the Euro Area

  6. Real GDP Growth

  7. Consumer price indices for selected countries

  8. Economic cycles

  9. CPI Inflation for the Euro Area

  10. Inflation-Unemployment record

  11. Inflation divergence

  12. Manufacturing recession

  13. Unemployment rates compared

  14. Progress in reducing the NAIRU

  15. Euro Dollar Exchange Rate

  16. Germany

  17. Spain

  18. Spanish Boom comes to an end

  19. Ireland

  20. German growth and exports

  21. German inflation

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