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Big Mac prices show which euro zone states best at belt-tightening

Started by riky, February 07, 2013, 09:00:26 AM

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riky

Big Mac prices show which euro zone states best at belt-tightening

<p><a href="http://news.yahoo.com/big-mac-prices-show-euro-zone-states-best-163144578.html"><img src="http://l.yimg.com/bt/api/res/1.2/jujK5ejqkHhUNGKikxtWiw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-02-06T163144Z_1_CBRE91519X100_RTROPTP_2_OUKOE-UK-EUROZONE-ECONOMY-BIGMAC.JPG" width="130" height="86" alt="A McDonald's logo is pictured in Rome" align="left" title="A McDonald's logo is pictured in Rome" border="0" /></a>BRUSSELS (Reuters) - Forget about statistics for employment and industrial production, it is being claimed that the price of a hamburger is showing where Europe's economic reforms are working - and where they are not. By studying the different prices for McDonald's Big Mac burger throughout the euro zone between July 2011 and January 2013, Guntram Wolff, an economist at think-tank Bruegel, found evidence that struggling countries like Ireland had tightened their belts and others had not. ...</p><br clear="all"/>

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