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Contribution to the euro area's growth 

Contribution to the euro area's growth 

Contexts in source publication

Context 1
... noteworthy is that Germany is no longer the only growth engine, as the whole of the area is benefitting from the improved performance of France, the Netherlands and other European countries (Figure 1). The recovery there- fore now seems to be general, including in the countries that were hit hardest by the sovereign debt crisis. ...
Context 2
... is therefore essential not only that economic policies at the European level are aimed at supporting the recovery but also that the European States adopt meas- ures that will stimulate nominal growth in the future. This means policies to support investment-including public investment-and the continuation of an expansionary monetary policy, which is needed to push up inflation and facili- tate the deleveraging of private agents and States, whose debts rose sharply during the crisis ( Figure 10). ...
Context 3
... these assumptions (initial conditions for the simulations are presented in the technical appendix), we compute the debt dynamics, structural balance, inflation rate and GDP growth rate (or output gaps) from 2017 until 2035. Results are reported in Table 6 and Figure 11. The simulations suggest that France, Italy, Spain, Belgium, and Portugal would not reach a 60% debt-to-GDP ratio by 2035. ...
Context 4
... could also be manip- ulated: if governements wanted to minimize in-work poverty instead of general poverty, they could implement generous in-work benefits (of tax credit) instead of-for example-generous unemployment benefits. Figure 41 suggests that there is not much manipulation: in work poverty is very well correlated with inequality at the bottom of the distribution. The more unequal countries (Romania, Spain, Greece, Italy) are also the ones where the in-work poverty is highest. ...
Context 5
... general, one can see that all banks in this sample would still have capital ratios well above the 6% minimum ( Figure A1). However, it is also obvious that especially banks in the periphery such as Portugal, Italy, Spain, and Malta have bank capital ratios below the EU mean and are lower capitalized than banks in core countries. ...
Context 6
... least the banks tested by the EBA in 2016 would not fall below minimum requirements due to positive risk-weights. However, apart from the fact that current capital ratios should be maintained to reach the highest possible level of Figure A1. Figure A2. ...

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