Deutsche Bank Research says that in recent months, soaring government debt has shaped public debate over economic policy in the Eurozone. One often overlooked aspect is that the deficits of some countries are not only attributable to crisis-related revenue shortfalls and higher spending or poor budget policy. They are partly also due to reduced growth prospects resulting from a country’s lack of competitiveness. The differences in competitiveness are increasingly becoming a problem for EMU (European Monetary Union), especially since the gaps between the member states have grown over the past few years. Meanwhile last week, BusinessEurope, the pan-European business group representing 40 national business organisations in 34 countries, slammed governments for paying lip service to the goal of completing the European Union’s single market and for an EU budget that gives undue weight to agriculture over economic competitiveness.
Related posts:
- Focus of Eurozone competitiveness should be on more than prices and costs Continuing a Deutsche Bank Research series on Eurozone competitiveness,...
- Public finance problems in Greece posing “a very serious challenge” for the euro; Estonia likely to be the next country to join the Eurozone Public finance problems in Greece and some other European Union...
- Deutsche Bank says Ireland has been the most uncompetitive Eurozone country in period 1999-2009 followed by Italy, Portugal and Spain Deutsche Bank says Ireland has been the most uncompetitive Eurozone...
- Competitiveness and public-sector finances: Three factors for boosting stability in the Eurozone Differing growth models have resulted in an increasing disparity between...
- Irish and Eurozone Competitiveness Indicators 1999 – 2009 Irish and Eurozone Competitiveness Indicators 1999 – 2009, produced by...
Related posts brought to you by Yet Another Related Posts Plugin.