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.


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.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

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

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

Related Articles