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What really caused the eurozone crisis?

What really caused the eurozone crisis?
19 June 2012Last updated at 09:10 ET World leaders probably spend more time worrying about the eurozone crisis than anything else nowadays. But as eurozone governments struggle to agree the best way out of the crisis, are they missing what caused it? Continue reading the main story The eurozone has agreed a new "fiscal compact" Eurozone parliaments are in the process of ratifying a tough set of rules - insisted on by Germany - that will limit their governments' "structural" borrowing (that is, excluding any extra borrowing due to a recession) to just 0.5% of their economies' output each year. The pact, which will come into force once 12 out of the 17 eurozone member states have ratified it, will also limit their total borrowing to 3%.

Related:  Europe in crisis

Statistical Visualization For his book The Visual Miscellaneum, David McCandless, along with Lee Byron, had a look at breakups on Facebook, according to status updates. They looked for the phrase "we broke up because" in status updates, and then graphed the frequencies over time. Why they couldn't just look at updates to relationship status, I'm not sure. Notice the peak leading up to the holiday season and spring cleaning. Then there's the people who think it's a funny April Fool's joke to say the broke up with their significant other. Finally, there's the highlight of Mondays, which you might lead you to believe that people like to call it quits during the beginning of the week.

World: Corruption Perceptions Index 2011 2011 – a crisis in governance: Protests that marked 2011 show anger at corruption in politics and public sector Berlin, 1 December 2011 – Corruption continues to plague too many countries around the world, according to Transparency International’s 2011 Corruption Perceptions Index released today. It shows some governments failing to protect citizens from corruption, be it abuse of public resources, bribery or secretive decision-making. Unicredit shares fall on rights issue concerns - BBC News 4 January 2012Last updated at 18:04 Unicredit has to raise funds to meet new banking regulations Italian bank Unicredit fell sharply on the Milan stock exchange after it announced the details of a 7.5bn euro ($9.8bn; £6.3bn) sale of new shares. Trading was briefly halted after it emerged only 24% of shareholders had taken up the offer despite being priced 69% below Tuesday's closing price. Shares were down 13.8% by the close of trading on Wednesday. The bank wants to triple its number of shares to help it meet European demands to bolster its financial resilience.

Robert Mundell, evil genius of the euro The idea that the euro has "failed" is dangerously naive. The euro is doing exactly what its progenitor – and the wealthy 1%-ers who adopted it – predicted and planned for it to do. That progenitor is former University of Chicago economist Robert Mundell. The architect of "supply-side economics" is now a professor at Columbia University, but I knew him through his connection to my Chicago professor, Milton Friedman, back before Mundell's research on currencies and exchange rates had produced the blueprint for European monetary union and a common European currency. Mundell, then, was more concerned with his bathroom arrangements. Professor Mundell, who has both a Nobel Prize and an ancient villa in Tuscany, told me, incensed:

Comparing US states with countries: US equivalents Which countries match the GDP and population of America's states? IT HAS long been true that California on its own would rank as one of the biggest economies of the world. These days, it would rank eighth, falling between Italy and Brazil on a nominal exchange-rate basis. But how do other American states compare with other countries? Taking the nearest equivalent country from 2009 data reveals some surprises. So Clever: Ron Paul Campaign Vid Uses Obama's Typeface Against Him You may not know it by name, but even non-type-geeks know it when they see it: Gotham, the typeface designed by Hoefler & Frere-Jones, which the Obama campaign used to brand the president during his 2008 campaign. Now it’s 2012 and we’re gonna be seeing a lot more Gotham from the Obama camp. But not just them.

Eurozone debt web: Who owes what to whom? The circle below shows the gross external, or foreign, debt of some of the main players in the eurozone as well as other big world economies. The arrows show how much money is owed by each country to banks in other nations. The arrows point from the debtor to the creditor and are proportional to the money owed as of the end of June 2011.

Data and Statistics Data and Statistics Last Updated: April 03, 2014 The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Manuals, guides, and other material on statistical practices at the IMF, in member countries, and of the statistical community at large are also available. Which Politician is Most Popular, Engaging on Social Media Sites? President Barack Obama may be down in the ratings, but he still has a steady hold on social media popularity. In December, Socialbakers – a social media analytics firm – tracked Facebook-page interactions of the eight key candidates from the Republican and Democratic parties to gauge changes in popularity and monitor fan engagement. Obama led the pack with the most overall interactions on the site, including comments, fan engagement and viral reach. President Barack Obama also has the most Facebook fans – a whopping 24 million, far more than the Republican candidates — but many were collected during the 2008 election period.

Banks May Flock to ‘Free Money’ as ECB Awards 3-Year Loans The European Central Bank is set to flood euro-area banks with cheap cash as they flock to its offer of three-year loans today. Banks will ask the ECB for 293 billion euros ($384 billion) of the 1,134-day funds, according to the median of 14 forecasts in a Bloomberg News survey of economists. Estimates range from 150 billion euros to as much as 600 billion euros. The money will be lent at the average of the ECB’s benchmark rate -- currently 1 percent -- over the period of the loan.

The meaning of "solidarity" in the eurozone 4 June 2012Last updated at 20:20 ET By Michael Goldfarb Writer and broadcaster Supporters of European integration have always been keen on the idea of "solidarity" between nations. National Opinion Research Center - USA Univ. Chicago NORC multidisciplinary project teams include members with expertise and experience in theses and other research topics: Substance Use1/14 Substance use remains a stubborn problem, exacting enormous health and productivity costs, threatening family and community stability, and adding to an overburdened criminal justice system. NORC brings exceptional sensitivity and objectivity to the unique challenges of substance use research to provide insight and support effective decision making for substance use issues and programs.