Raising euro area economic performance requires cleaning up bank balance sheets, completing banking union to foster unbiased risk assessment, further structural reforms and strong fiscal policy frameworks.
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The euro area is beginning to show the much-awaited signs of recovery. Area-wide efforts to strengthen the public finances and the institutional underpinnings of the monetary union are sowing the seeds of vigorous, inclusive growth. But comprehensive structural reforms are needed to enhance productivity and restore competitiveness in the years to come.
Education at a Glance 2013 - Country notes and key fact tables
The euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999. Easy credit led to strong growth in a range of sectors, notably housing, as well as higher levels of public spending. Inflation in these over-heating economies was higher than the euro area as a whole. Rising prices led to rising costs and a loss of international competitiveness.
The European Union is a major player in global development, co-ordinating coherent actions amongst its 27 member states and providing direct support to developing countries. Total net ODA by all 27 EU member states was USD 73.6 billion in 2011. Grants by EU institutions totalled USD 12.6 billion.
How can government policies move towards increasing agricultural innovation and improving productivity? This OECD conference shared case studies and ideas from Europe, China, United States, India, Africa, Brazil, Australia and New Zealand.
European support to farm incomes has decreased substantially over the past 20 years, according to this report. Farmers earned 22% of total annual receipts from government support over the 2008-10 period, down from 39% annually over the 1986-88 period.
This book draws on work on green innovation across several parts of the OECD to show how it can drive sustainable growth and job creation. It explores policy actions for the deployment of new technologies and innovations as they emerge.
These country notes contain over 50 indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
How do services commitments in RTAs influence multilateral negotiations? Through 4 case studies of the RTAs of Chile, Japan, the EU and the US, this paper looks at political economy issues underlying RTAs in general, as well as the specific concessions that countries make on trade in services.