[PDF] Top 20 European Economy Convergence Report 2011 3/2012

... The overall design of the MIP includes a "preventive" arm and a stronger "corrective" arm for more serious cases. For euro area countries, the corrective arm is supplemented by an enforcement mechanism ... See full document

... The European Council of 24/25 March 2011 has delivered a comprehensive package of crisis responses that address all of the aforementioned ...the European Stability Mechanism ...the European ... See full document

... higher in a number of countries. Small countries tend to be more open to trade and to post a higher import content, while France, Germany and Italy are all at the bottom of the euro-area ranking. ( 25 ) In addition to ... See full document

... Hengqin (situated in Zhuhai, Mainland China) is a key development project between Macao, Zhuhai municipality and Guangdong province under the Guangdong-Macao Cooperation Framework Agreement. It is regarded as an ... See full document

... of the programme countries and of Italy and Spain. Relative to these countries' economic output, net TARGET liabilities have been very large only in the case of the programme countries, in Ireland even reaching 100% of ... See full document

... the Report of the President of the European Council of 26 June 2012 (see European Council (2012)) which presents a vision for the consolidation of the Economic and Monetary ...The ... See full document

... As the global financial crisis has clearly demonstrated, financial linkages through stock and credit markets or via the banking system can amplify the propagation of shocks. Already during the financial crisis in ... See full document

... investment in energy-saving technologies. They also made other sources of energy more profitable, and led to an increase in supply. As a result, oil prices were in a general decline in the following two decades. However, ... See full document

... the economy, not just for the euro area, but also for the EU as a ...This report gives special attention to the last two of these ...this report, Barrell, Delannoy and Holland (2011), in a ... See full document

... May 2011, two consecutives earthquakes with a magnitude of ...July 2011, followed by an updated version on 1 August ...in 2011 of EUR 3,536 billion (i.e. EUR 3 billion in 2002 ...November ... See full document

... The overall design of the MIP includes a "preventive" arm and a stronger "corrective" arm for more serious cases. For euro area countries, the corrective arm is supplemented by an enforcement mechanism ... See full document

... throughout 2012 and no implementation problems were ...in 2011, which illustrates how the economic downturn, and the subsequent fiscal consolidation measures, is still affecting the Danish ... See full document

... The booming economy has resulted in the current account deficit widening markedly. Merchandise imports have been buoyed by strong domestic demand, whereas export growth was restrained by sluggish demand in several ... See full document

... around 3 percent in the course of the second half of ...the convergence of food prices; increases in indirect taxes and in administered prices; and higher energy ... See full document

... The economic and financial crisis has led to a marked increase in government debt in the euro area countries. While the magnitude of the increase is in line with that resulting from other financial crises, its cumulative ... See full document

... There are however significant differences in average potential GDP growth across Member States (see Table 0. 4) but it should be borne in mind that in GDP per capita terms, differences in average growth rates across ... See full document

... Bulgaria's general government balance has improved markedly over the past several years, ranging from a balanced position close in 2003 to a surplus of over 3% of GDP in 2007. While the total revenue-to-GDP ratio ... See full document

... Land and Survey Department, which, coupled with the buoyant activity of the construction sector, would increase the amount of collected taxes. Total expenditures would remain unchanged as a percentage of GDP, as savings ... See full document

... the European Commission for a total amount of EUR 80 billion to be disbursed over the period May 2010–June ...of 2012, and progressively less ...Spring 2011, the ESA-based 2010 general government ... See full document

... Valuation effects can be approximated by comparing changes in the net IIP with underlying cross-border financial transactions. ( 7 ) Graph I.3 suggests that, in the majority of Member States with large external ... See full document