RaboResearch - Economic Research

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 Greece

Weak private and public finances prior to the crisis are to blame for the severity of the recession and the public debt crisis. Harsh measures triggered a process of sharp economic contraction. The outlook remains bleak and unemployment and debt sky-high.

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.

Economic Comment

Eurozone (debt) crisis: Country Profile Spain

In Spain, the build-up of large private sector imbalances related to a housing boom was the prime cause of the crisis. Spain has rather successfully reformed its banks and economy, but the crisis leaves scars in the form of high unemployment and public debt.

Economic Comment

Eurozone (debt) crisis: Country Profile Italy

Public sector debt was already very high and economic growth very weak in the years prior to the crisis. Private sector debt was and still is relatively low. Despite recent structural reforms, the economic outlook remains rather weak and unemployment and public debt high.

Economic Comment

Separatisten winnen verkiezingen Catalonië (Dutch)

De separatisten hebben de Catalaanse verkiezingen gewonnen. Het is echter onwaarschijnlijk dat Catalonië eenzijdig de onafhankelijkheid uit zal roepen. Vermoedelijk kan Catalonië na de nationale verkiezingen van 20 december op meer autonomie rekenen.

Economic Comment Dutch version

Recent developments in Greece

In the past months, the tensions between Greece and its creditors have grown and so has the risk of a Greek exit from the eurozone. It is only recently that the Greek government seems willing to give in to the tough demands of Europe in return for financial support. Yet it is far from clear when the crisis will be defused and what exactly this will entail.