The orange line that inexorably rises? Spain.
The green line on the bottom that ends up almost 30% below Spain? Germany.
Chances of Spain reversing this without years of economic and social pain given their membership in the Euro? Zero.
Showing posts with label deflation is a bitch. Show all posts
Showing posts with label deflation is a bitch. Show all posts
Tuesday, January 18, 2011
Spain is so screwed!
Great chart from the Angry Bear Blog on the evolution of labor costs in the EU (clic the pic for a more glorious image):
The orange line that inexorably rises? Spain.
The orange line that inexorably rises? Spain.
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