CEP Default Index
The euro zone currently finds itself in an existential crisis. The increasingly dramatic rescue measures that have been taken to save over-indebted euro states from insolvency have failed, without exception, to calm the situation. There are growing concerns about further countries being swept aside with it. Therefore, the CEP has developed a fact-based Default Index reflecting the erosion of creditworthiness in euro zone member states.
Apart from Greece and Portugal, also Cyprus and Malta belong to the highest risk category, while Italy, Spain and France belong to the second-highest. Hence, the erosion of creditworthiness has meanwhile reached the heart of Europe, the EU founder states.