smart way and complete the job of fixing our public finances,” he remarked. See also our cepDefault-Index 2016
The goal is to make the country’s economy competitive again via internal devaluation. The cepDefault-Index 2016 shows that falling creditworthiness has become firmly established in six eurozone countries:
economy is in a stubborn recession partly due to elevated labor costs. The cep already highlighted last year in its Default Index the urgent need for action in the country.
the second half of this mandate.” The cep, however, believes that instead of creating an Euro-Treasury it would make more sense to introduce a sovereign default regime for the eurozone. Thereby, markets [...] something which the EU Commission or the Eurogroup has never been able to do. The cep has drawn up a blueprint for a sovereign default regime. You can find it here .
in traditional industries, and a rapidly aging population, S&P said. The cep already highlighted last year in its Default Index the urgent need for action in Finland.
without having to offer major debt relief for Greece. The cep does not believe that Greece’s public debt burden is sustainable. The cepDefault Index shows that there is no sign of Greece regaining its
a fourth consecutive year. Stubb called the development “worrying.” The cep already highlighted last year in its Default Index the need for action on the economic front in Finland.