Suddenly sunnier days for balancing Europe's trade

Recent data shows the current-account deficits of Greece, Italy, Spain, and Portugal have improved at a rapid pace and are actually close to being balanced – a key requirement for a return to post-crisis Europe.

VoxEU

The large current-account imbalances that had emerged within the eurozone in the years leading up to 2008 reflected heterogeneous developments in unit labour costs and spending patterns across the currency union.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles