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.
The cepDefault-Index for the United Kingdom shows that both the British GDP deflator and the unit labor costs rose faster than in the EU as a whole. A high consumption rate and a declining competitiveness
The cepDefault-Index 2017 suggests that there is a greater differentiation in national bond yields and points out that the trends in creditworthiness of the eurozone countries diverge starkly. Whilst the
The current period of tranquillity on the government bonds market is thus misleading. It is not the result of a sustained recovery of the eurozone but of intervention by the European Central Bank, wh