In the Economics class today, Gayle made a really good point [among many others]. Even after European Union was formed and Euro was accepted as a common currency, countries and their government as institutions running them, continued to behave in the same way as they behaved when the currencies were separate. Germany continued with the same policies as it had when there was a rising Mark, and Spain continued with same policies as it had when there was a falling Peseta.
Net Result, movement of these nations towards the extreme ends of being the "Spenders" or the "Savers" accelerated rapidly and that is one of the main causes of the state that Spain or Greece are currently in.
Today the class was about economic analysis of Spain, and the way Gayle plays around with numbers, interpreting them and making economic sense out of them, is simply astounding !!
I enjoyed today's class even better than the one for U.S. as there were so many perspectives, on Spain, Euro, European Union, US, etc involved and I am happy that I learned a lot of new insights today.
Worked with my group for some time and had a siesta for some time in the evening. It's a day off tomorrow, thanks to the IE Alumni forum scheduled here at IE.
Already got done with third and final round of Marketing simulation and got a decent score for it. All-in-all, I am all set for a good restful day tomorrow.
Yippee !!
Net Result, movement of these nations towards the extreme ends of being the "Spenders" or the "Savers" accelerated rapidly and that is one of the main causes of the state that Spain or Greece are currently in.
Today the class was about economic analysis of Spain, and the way Gayle plays around with numbers, interpreting them and making economic sense out of them, is simply astounding !!
I enjoyed today's class even better than the one for U.S. as there were so many perspectives, on Spain, Euro, European Union, US, etc involved and I am happy that I learned a lot of new insights today.
Worked with my group for some time and had a siesta for some time in the evening. It's a day off tomorrow, thanks to the IE Alumni forum scheduled here at IE.
Already got done with third and final round of Marketing simulation and got a decent score for it. All-in-all, I am all set for a good restful day tomorrow.
Yippee !!
No comments:
Post a Comment