fuelled credit booms and a weakening of competitiveness in some deficit countries. Weaknesses in financial regulation and over …

euro area competitiveness, cyclical positions, fiscal positions and the oil price. The framework is then used to cyclically …-adjust observed current account balances and illustrate the scale of the additional adjustments to competitiveness and/or fiscal … net external debt levels. In Spain and Portugal, cost competitiveness relative to the rest of the euro area would need to …

competitiveness problems and a dearth of domestic saving. They need to be addressed using both macroeconomic and structural policy … balanced growth through strengthened competitiveness and greater private saving calls inter alia for increased labour force …

improving competitiveness, raising domestic saving, attracting more FDI inflows and reducing energy import dependency …

, which has provided a significant boost to growth, productivity, competitiveness, profits and (more controversially …

competitiveness. The deleveraging process set in motion by the loss of access to foreign financing is helping to rapidly reduce …