Level 2B liquid assets and Periphery countries: Difference between pages
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'' | ''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). | |||
:<span style="color:#4B0082">'''''Core and periphery diverge'''''</span> | |||
:"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.'' | |||
== See also == | == See also == | ||
* [[ | * [[Core countries]] | ||
* [[ | * [[European Monetary Union]] | ||
* [[ | * [[Eurozone]] | ||
* [[ | * [[eurozone crisis]] | ||
* [[ | * [[Grexit]] | ||
Revision as of 20:20, 17 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.
