Independent Insight Provider

Stewart Paterson

Taurus Advisors LLP

FX & Rates

<p>Today the German manufacturing PMI number came in at 58.3. The Greek equivalent was 46.7. The gap of 11.6 points is the largest it has been with the exception of the two months of July and August 2015  at the height of the Greek referendum campaign on Euro membership.  The diverging fortunes of the two economies is as stark as ever.  While total employment in Germany has grown 7% from its 2008 high, employment in Greece is down 21% from its pre-crisis high. </p><p>Taylor rules are suggesting that the…</p>

Today the German manufacturing PMI number came in at 58.3. The Greek equivalent was 46.7. The gap of 11.6 points is the largest it has been with the exception of the two months of July and August 2015  at the height of the Greek referendum campaign on Euro membership.  The diverging fortunes of the two economies is as stark as ever.  While total employment in Germany has grown 7% from its 2008 high, employment in Greece is down 21% from its pre-crisis high. Taylor rules are suggesting that the…

Money Matters: Greek / Germany Divergence.