Euro Area Policies: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director

Publication Date: July 14, 2014
Electronic Access: Free Full text (PDF file size is 2,504KB).
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Summary: This 2014 Article IV Consultation highlights that the euro area recovery is taking hold. Real output has expanded for four consecutive quarters, and financial market sentiment has improved markedly. Complementary policy actions have supported demand, boosted investor confidence, and eased financial conditions. At the national level, governments have made further progress repairing sovereign and bank balance sheets and implementing structure reforms to restore competitiveness. At the area-wide level, the ECB has taken a wider range of measures to support demand and address fragmentation. Over the medium term, there is a risk of stagnation, which could result from persistently depressed domestic demand owing to deleveraging, insufficient policy action, and stalled structural reforms.
Series: Country Report No. 14/198
Subject(s): Article IV consultation reports | Economic recovery | Inflation | Monetary policy | Banking sector | Bank supervision | European Central Bank | Fiscal reforms | Access to capital markets | Economic indicators | Staff Reports | Press releases | Statistics | Data quality assessment framework | Euro Area

Publication Date: July 14, 2014
ISBN/ISSN: 9781498342865/1934-7685 Format: Paper
Stock No: 1EUREA2014002 Pages: 52
US$18.00 (Academic Rate:
US$18.00 )
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