Speech by Marco Buti HIGH-LEVEL SEMINAR ON THE POLITICAL ECONOMY OF CRISIS-INDUCED REFORMS
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چکیده
After a relatively widespread global slump, the outlook now varies greatly across world regions. Demand remains weak especially in those world regions where net savings are adjusting in such a way to rebalance external deficits. Against this background, the EU and the euro area itself cannot be considered as homogenous areas because some countries (“the center”) record external surpluses and a strong recovery while the periphery is generally characterized by external deficits, deteriorated fiscal positions, and weak or negative growth rates.
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