Together with Allianz SE, a leading global financial services provider, the Lisbon Council launched The 2010 Euro Monitor: Indicators for Balanced Growth, a new study which introduces a macroeconomic monitoring and early-warning system aimed at ensuring balanced growth in the euro area. Prof. Dr. Michael Heise, chief economist of Allianz and former secretary general of the German “wisemen” serves as principal author. The Euro Monitor evaluates and ranks eurozone countries’ comparative strengths in fiscal sustainability; competitiveness and domestic demands; jobs productivity and resource efficiency; and private and foreign debt. The 16 countries of the eurozone need to urgently increase their efforts to underpin the credibility and stability of their common currency over time, concludes the new report.
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