Economic Report
Portuguese elections (October 6) are likely to be won by Prime Minister Costa’s Socialists. Costa’s ability to maintain fiscal prudence as a policy cornerstone will depend on the economy maintaining its momentum.
Economic Update
This study reviews the current state of the Portuguese economy. We describe the main macroeconomic risks Portugal faces and highlight the successes of the centre-left government and the challenges ahead.
Special
In many Eurozone countries, private sector debt has decreased in recent years and so has the vulnerability of the private sector to higher interest rates. Yet in many countries debt remains high and in several countries vulnerabilities are still present.
Economic Comment Dutch version
Despite deleveraging in recent years, private sector debt remains high in many Eurozone countries. The private sector in Cyprus, Greece, Ireland, Portugal, Spain, Finland and Luxembourg is most vulnerable to higher interest rates.
Economic Comment
In het eerste kwartaal van 2017 groeide de economie van de eurozone met 0,5% ten opzichte van het voorgaande. Portugal en Spanje trokken de kar, Italië en Griekenland sloten de rij. De groei blijft de komende kwartalen naar verwachting robuust.
Economic Report
Met een zekere regelmaat wordt gesuggereerd dat de lidstaten van de eurozone zouden moeten overgaan op de uitgifte van eurobonds. Dit zijn obligaties die door een centraal Europees agentschap worden uitgegeven ter financiering van de staatsschuld van de deelnemende landen. Wat zijn de potentiële voor- en nadelen van eurobonds?
Country Report
Portugal continued to grow in 2015, after exiting the EU/IMF bailout programme in 2014, which signals a substantial increase of economic and financial stability. However, reform momentum is weak while the country still has many vulnerabilities.
Economic Report
Banken hebben zich op verschillende wijzen aangepast aan de strengere kapitaaleisen van Basel III. De specifieke aanpassingswijze hangt samen met de ontwikkeling van de kredietverlening door de betreffende banken.
Special
Banks have raced towards full compliance to the Basel III capital requirements. Adjustment via capital base expansion correlated positively with bank credit supply, whereas adjustment via balance sheet reduction correlated negatively.
Economic Quarterly Report
In 2015 versnelde de groei van de eurozone-economie naar 1,5%, voornamelijk door sterkere binnenlandse vraag. We verwachten dat de groei in 2016 afzwakt naar 1¼% en in 2017 weer aantrekt naar 1½%. De neerwaartse risico’s zijn echter noemenswaardig.
Economic Comment Dutch version
Gradually the eurozone is overcoming the crisis. Time to look back and to take stock. What caused the crisis? How did the eurozone respond to the crisis? And how is the economic situation in the crisis countries right now?
Economic Report
In this report, we outline how the eurozone crisis has evolved. We discuss how European Monetary Union (EMU) membership shaped both the economic crisis itself and the crisis response.
Economic Report
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
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.
