Natixis - Les pays pÃ©riphÃ©riques de la zone euro (Espagne, Italie, Portugal, GrÃ¨ce) qui Ã©taient en crise de 2010 Ã 2013 ont-ils retrouvÃ© une croissance durableÂ ?

Report

Natixis

Patrick Artus

Les pays pÃ©riphÃ©riques de la zone euro (Espagne, Italie, Portugal, GrÃ¨ce) qui Ã©taient en crise de 2010 Ã 2013 ont-ils retrouvÃ© une croissance durableÂ ?

Les pays pÃ©riphÃ©riques de la zone euro ont retrouvÃ© une croissance durable aprÃ¨s la crise de 2010-2013 siÂ : ils nâ€™accumulent plus aujourdâ€™hui de dÃ©sÃ©quilibres financiers (dette publique, dette extÃ©rieure)Â ; leur spÃ©cialisation productive leur permet dâ€™obtenir une croissance suffisante Ã long terme. On peut considÃ©rer que parmi ces pays, seuls lâ€™Espagne et le Portugal, et encore pas tout Ã fait, ont retrouvÃ© une croissance durable.

08/07/2019 8 FR

Provider

Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

See profile

Analysts

Patrick Artus

Other Reports from Natixis

Benito Berber

Benito Berber

Mexico – Trip Notes

We were in Mexico last week, where we met with central bank officials, independent economists, pension fund managers and corporate representatives. We perceived a sense of cautious optimism. Growth is weak, but slightly better than expected at the beginning of the year. Inflation is sticky, particularly core inflation, but the moderation might be enough for the continuation of rate cuts particularly if the Fed re-starts its easing cycle soon. Pemex remains problematic, but the recently announced strategic plan contains some positive elements. There is h ope that Mexico's manufacturing export...

August 12, 2025 August 12, 2025 1 EN

July CPI Review: Goods Prices Remain Behaved

Overall the July CPI report showed less tariff related goods pressures than expected, in a month where we believed increased price pass-throughs would be more evident. Where tariff related cost increases are being absorbed along the supply chain is yet to be determined (tomorrow’s PPI should help inform), but thus far while goods prices are rising faster than earlier in the year, the impact in July was less than expected. For details, headline CPI came out at +0.2% m/m (+0.197% unrounded, +0.2% consensus) and +2.7% y/y (vs. +2.8% consensus), with food prices moderating slightly and energy pos...

August 12, 2025 August 12, 2025 1 EN

Thibaut Cuilliere

Thibaut Cuilliere

How sensitive are French banks to Sovereign ratings and spreads ?

What if France’s political and fiscal instability pressure were to come back before year-end ? What consequences for French banks’ ratings and spreads?As the pressure has been mounting again on the French government (see France 2026 Budget: Impossible mission II from our economists) regarding the 2026 budget, the likelihood of a French sovereign rating downgrade has recently increased.Against this backdrop, we are exploring hereafter the relationships between i/ France’s ratings and French Banks’ ones, ii/ France sovereign spreads/CDS and French banks’ spreads/CDSGood news is that a one-notch ...

August 12, 2025 August 12, 2025 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

Les pays pÃ©riphÃ©riques de la zone euro (Espagne, Italie, Portugal, GrÃ¨ce) qui Ã©taient en crise de 2010 Ã 2013 ont-ils retrouvÃ© une croissance durableÂ ?

Mexico – Trip Notes

July CPI Review: Goods Prices Remain Behaved

How sensitive are French banks to Sovereign ratings and spreads ?

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe