RaboResearch - Economic Research

Special Dutch version

Southern Europe and Ireland the long road

Every summit held by EU leaders over the past two years has created an atmosphere of hope regarding a permanent solution to the European debt issues. Unfortunately, every one of those summits had a disappointing outcome. However, it is hardly surprising that the crisis cannot be solved in the short term, let alone in one go.

Special Dutch version

Outlook 2012 (full report)

In 2011, we have seen a sluggish continuation of last year's weak recovery from the Great Recession. There are now, however, indications that the economy is once again heading towards a considerable slowdown in growth.

Special Dutch version

Worse before it gets better

We have never actually exited the financial crisis. The problem simply shifted from consumers' assets to the banks balance sheets and ultimately landed on governments’ laps, which in Europe are currently attempting to transfer it to a supranational level.

Special

Do we need a new sheriff in town? (Dutch)

Door een sterke neiging naar begrotingstekorten waren de overheidsfinanciën in veel ontwikkelde economieën al voor de crisis verslechterd. Overheden kunnen dit probleem aanpakken door het begrotingsbeleid uit te besteden aan een onafhankelijke raad.

Special

It's more than the economy stupid! (Dutch)

Geld maakt slechts beperkt gelukkig. In de westerse wereld zijn andere zaken veel belangrijker. Het beleid moet dan ook niet gericht zijn op economische groei, maar op het vergroten van het welzijn van mensen.

Special

Can eurobonds solve EMU's problems

Since the eruption of the Greek budget problems in 2009, the euro is lurching from crisis to crisis. European policy makers are struggling to find a solution for what in the press is nicknamed “the European debt crisis”.

Country Report

Cyprus (Country report)

Cyprus looks well on its way of becoming the fourth euro zone country that needs a rescue package. The destruction of a large power plant in July has resulted in an energy crisis with a severe impact on economic growth and the government budget.

Special

Hoe een nieuwe eurocrisis te voorkomen (Dutch)

De Europese regeringsleiders hebben met een stevig pakket aan maatregelen ingegrepen om een heuse eurocrisis te voorkomen. Daarbij schoot men de bron van alle problemen, Griekenland, met een omvangrijk steunpakket te hulp. Met enig succes, want de financiële markten lijken enigszins gerustgesteld.

Country Report

France (Country report)

The French economy recovers gradually and the outlook for the coming years is that the economy will stick to this path of moderate economic growth.

Country Report

Greece (Country report)

The Greek austerity and reform programme has been broadly successful in making a running start in 2010. For 2011 the programme is at a cross-roads as the distance yet to cover remains impressive, in terms of both budgetary consolidation and structural reforms.