Friday, 31st January 2014
Debt Dynamics Indicate That Italy Remains Vulnerable as Spain Stabilizes
Source: Centre for International Governance Innovation (CIGI)
Spain and Italy are both expected to emerge from a recession this year, but considerable downside risks to their economic outlooks remain.
Lower than expected inflation or growth could deteriorate the debt positions of both of these economies; however, Italy is more vulnerable because of a higher level of debt.
Weakness in the Italian banking system has the potential to heighten sovereign debt concerns and unhinge sustainable debt consolidation.
Euro-zone policymakers need to restore confidence by improving cooperation and granting the relevant bodies the authority to act decisively and effectively in the event of a shock.
+ Direct link to document (PDF; 989 KB)
By Adrian Janes
Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.
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