2014, France also finds itself in the group of countries whose creditworthiness is declining. In cep’s view, the depletion of capital stock in these countries shows that they are unable to offer attractive
Portugal's creditworthiness has been deteriorating since 2004. According to cep, this is caused, firstly, by falling capital stock due, in particular, to low public sector investment. Secondly, the country [...] beyond its means, although the consumption rate has dropped significantly since its peak in 2009.
In cep’s view, both countries must improve conditions for private investment.