Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
thanks for this, those figures about structural deficit were unknown to me and were very revealing.

As for energy, none of our polticians seem to be able to wrap their heads around the fact that we're never going back to cheap liquid fuel and the free market will not provide; government has to step in and they have to lead. The very thing they have been avoiding for 4 decades.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Mon Jun 18th, 2012 at 01:00:00 PM EST
"Structural" is Economist for "made up to fit my preconceived agenda."

See, e.g., "structural unemployment," "structural deficit," "structural reform."

If you want to meaningfully speak of a structural deficit, you would speak of the deficit at full employment. But that's not what they do. They speak of the deficit at the "structural" rate of unemployment, which is a total nonsense.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 18th, 2012 at 01:22:47 PM EST
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