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Big questions, still unanswered, were raised about France and Italy – the eurozone's second and third economies.
For Germany, the EU powerhouse, the two big causes for concern are the eurozone's second and third economies, France and Italy.
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Gradually a second, then third economy developed — a culture of corruption.
In March, Mr. Cavallo, Argentina's most respected economist, became the third economy minister in three weeks.
First, economies tend to be much more linked in bad times than correlations in good times suggest.
The findings "open up a whole series of questions about the way the first economies, the first markets actually worked," he says.
The first economy has policymakers worried about deflation.
It is quietly creating a second economy, a digital one".
Yet they have endured their dreadful living conditions precisely because they are all working hard to move from the "second economy" to the "first economy", as Mr Mbeki wants.
This would be proof that the rewards of the "first economy" are being fairly spread around.
Hungary also had a sizable "second economy," with a variety of legal small-scale private enterprises.
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