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euro zone map

The Eurozone and You

Jan 15, 2012 • Economic Humor, Financial Markets, International Trade and Finance, Macroeconomic Measurement • 199 Views    No Comments

If you…

  • like crumbly cheese,
  • forget to pay your income taxes,
  • nap daily,
  • avoid grocery shopping and planning menus,

then, a 10 question Marketplace.org quiz could conclude that you are Greece.

On the other hand, you might be Germany if you…

  • save your money,
  • pay your income taxes,
  • think naps are for the “weak,”
  • plan your daily menus in advance.

Here you can take the entire quiz, “Which Troubled Eurozone Nation Are You?”

And, for past and present info on the eurozone, this article from economist Paul Krugman is ideal.

The Economic Lesson

WSJ.com grouped eurozone nations in terms of their vitality. They used per capita debt and per capita GDP growth to create their categories:

  • Robust: Finland, Austria, Netherlands, Germany, Luxembourg
  • Less Robust: Belgium, Estonia, France, Malta, Slovakia, Slovenia
  • Fragile: Spain, Italy, Cyprus
  • Bailed Out: Portugal, Ireland, Greece

An Economic Question: To remember each group, what mnemonic devices might you create? (For example, fragile countries are SIC.)

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