European Parliament Library

Euro Area Policies :, Staff Report for the 2014 Article IV Consultation With Member Countries

This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to deleveraging, insufficient policy action, and stalled structural reforms
Table Of Contents
Cover; CONTENTS; CONTEXT: FROM CRISIS TO RECOVERY; BOXES; 1. Investment in the Euro Area: Why has it been Weak?; OUTLOOK: A LONG ROAD TO FULL RECOVERY; THE POLICY AGENDA: STRENGTHENING THE RECOVERY; 2. Stability and Growth Pact-Design and Implmentation Issues; 3. Capital Market Development: SME Financing in the Euro Area; 4. Youth Unemployment in the Euro Area: Okun's Law and Beyond; 5. External Rebalancing in the Euro Area: Developments and Policies; THE AUTHORITIES' VIEWS; STAFF APPRAISAL; TABLES; 1. Euro Area: Main Economic Indicators; 2. Risk Assessment Matrix
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (53 p.)
Specific Material Designation
Form Of Item

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