Each country in Euroland is at a different stage of the economic cycle. The Spanish and Irish econ...
Each country in Euroland is at a different stage of the economic cycle. The Spanish and Irish economies have been performing well on the back of low interest rates. However, Germany and Italy are suffering because these countries' governments have yet to implement appropriate labour reforms that will help kickstart their economies. Chris Rice, head of European equities at Cazenove, says: 'Each country has different domestic profiles within the EU.' According to Tom Elliott, strategist at JP Morgan Fleming, Euroland can be divided into two groups: the first group comprises the cou...
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