All in all, these developments are particularly noteworthy given the already high degree of openness of the euro area countries, suggesting that we are not witnessing the creation of a “fortress Europe” but that the European integration is perfectly complementary with the global integration. 1  See, among others, Engel and Rogers (2004) “European Product Market Integration After the Euro,” Economic Policy, July pp.
Would we be surprised like Goldilocks was when the Bear family arrived and found Goldilocks sleeping in one of the beds? Then came the storm… In a way, Yolanda can be considered as a “surprise” that hit us. Regions 6, 7, and 8 account for about 12.7 pct of 2012 GDP.