RaboResearch - Economic Research

Economic Report

The eurozone crisis - where are we right now?

The peripheral countries are at very different stages of economic recovery and rebalancing. Growth has returned and private and public balances have improved. Unemployment and public debt levels remain high, whilst part of the rebalancing may just be cyclical.

Economic Comment

Eurozone (debt) crisis: Country Profile Ireland

The build-up of large private sector imbalances related to a housing boom and the financial sector were the prime cause of the crisis. Ireland has successfully reformed its banking sector and economic performance is strong, but challenges remain.

Economic Comment

Eurozone (debt) crisis: Country Profile Portugal

Both high private and public sector debt prior to the crisis are to blame for the country’s deep recession and public debt crisis. It remains to be seen whether Portugal’s low growth problem has been addressed, with unemployment and indebtedness still very high.