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 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 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.