RaboResearch - Economic Research

Economic Comment

Bad news from Spain, default still unlikely

A lot of bad news has emanated from Spain over the past couple of weeks. This is likely to keep the pressure on the Spanish government bond market. But we still maintain the view that a sovereign default in Spain is unlikely.

Economic Comment

Eurozone in milde recessie (Macro Comment) (Dutch)

Het eurogebied is volgens de gangbare definitie van twee kwartalen krimp van het BBP net niet terug in recessie. Sentimentindicatoren voor april en de hernieuwde onrust over de Europese schuldencrisis wijzen echter op hernieuwde krimp in 12K2.

Economic Comment

Verkiezingen bepalen Europese koers (Dutch)

De impact van de Franse en Griekse verkiezingsuitslag kan nog niet volledig worden overzien. Wel lijkt duidelijk dat de Griekse uitslag de onrust rondom het land en haar schuldhoudbaarheid de komende maanden kan blijven voeden.

Economic Report

Why is the euro crisis not ending? (part 1)

In the first part of this series, we will show that fiscal indiscipline is not at the root of this crisis. This is why the current policy prescription (fiscal austerity) has not been the silver bullet most hoped for.

Economic Report

Why is the euro crisis not ending? (part 2)

In part 2, we propose a number of steps the European policymakers can take in order to end the crisis. All it takes is a little bit of imagination and a lot of willingness.