The turmoil threatening the very existence of the EU continues. Evidence for this is provided by the cepDefault-Index 2017. The cep authors point out that Greece in particular remains uncreditworthy and that there is no sign of any reversal in the trend. Apart from Greece; Italy, Latvia, Portugal, Slovenia and Cyprus indicate declining creditworthiness which has in addition become firmly established.
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 creditworthiness of two thirds of the eurozone countries is increasing year on year (such as in Germany and the Netherlands), it is diminishing just as steadily in other eurozone countries or, as in the case of Greece, has long since disappeared.