Eurozone bailout economies vulnerable to interest rates rise
Any rise in interest rates could tip a number of eurozone countries deeper into trouble. European Union countries involved in bailout programmes are still very vulnerable - with the exceptions of Ireland which is safe and Greece which is hopeless. The key is the cost of debt-servicing. Bailouts will not be enough to ease the cost of debt-servicing, and debt-restructuring will be inevitable if rates rise and growth does not speed up.
<i>The EU bailout programmes unveiled in 2010 ended up involving five economies - Ireland, Spain, Portugal, Greece and Cyprus. Three countries have left the bailout programmes in the last year. Ireland is in relatively good shape, while Spain, Portug...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.