IMF Staff Country Reports

Euro Area Policies : 2007 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

Author/Editor:

International Monetary Fund

Publication Date:

July 31, 2007

Electronic Access:

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Summary:

The Euro Area Policies’ 2007 Article IV Consultation reports that the economy is poised for a sustained upswing because of cyclical considerations and policies, which have had a forward-looking cast. The area’s external position and the real effective exchange rate of the euro are within range of medium-term equilibrium. Stabilizing inflation below 2 percent might well require a further gradual tightening of monetary policy. Increased contestability and integration in the financial sector is also key to improving performance.

Series:

Country Report No. 07/260

Subject:

Article IV consultations Balance of payments Congo, Republic of Consumption Credit Economic indicators Exports External debt External financing Financial sector Fiscal policy Income Inflation Investment Labor costs Labor markets Monetary policy Money Public information Staff appraisals Staff Reports