Periphery countries: Difference between revisions
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imported>Doug Williamson (Create page. Source: The Treasurer, Cash Management Edition April 2019, p21, Taylor & Frances online https://www.tandfonline.com/doi/abs/10.1080/00036846.2016.1267851?scroll=top&needAccess=true&journalCode=raec20) |
imported>Doug Williamson (Add link.) |
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* [[European Monetary Union]] | * [[European Monetary Union]] | ||
* [[Eurozone]] | * [[Eurozone]] | ||
* [[ | * [[eurozone crisis]] | ||
* [[Fiscal policy]] | |||
* [[Grexit]] | * [[Grexit]] | ||
Revision as of 14:59, 19 April 2019
Eurozone.
In relation to the Eurozone, the 'periphery' is a collective name for the five countries in the Eurozone with relatively weaker economies:
Portugal, Ireland, Italy, Greece and Spain.
These five countries are sometimes known as 'PIIGS', from the initial letters of their names, or 'SWEAP' (South and West Euro Area Periphery).
- Core and periphery diverge
- "The eurozone periphery, except for Ireland, remains depressed relative to the core countries. Spain and Portugal are recovering at a glacial pace, but Italy remains mired in a decade-long recession. In Greece, domestic demand is cripplingly low...
- Meanwhile, Germany and the Netherlands have ballooning trade surpluses.
- The imbalances that caused the eurozone crisis have not gone away."
- The Treasurer magazine, Cash Management Edition April 2019 p21, Frances Coppola, economics and finance commentator and speaker.
