Thinking about the long term prospects for the eurozone and its members. The World Economic Forum offers us fresh insight.
The Global Competitiveness Index 2011-2012 rankings for the so called PIIGS are (out of 142 countries and territories):
Portugal 45
Ireland 29
Italy 43
Greece 90
Spain 36
Ralf Grahn
Wednesday, 7 September 2011
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2 comments:
I think that these this question of ranking is missing the point.
Of course in such a big union, there will be regional discrepancies.
The real point is that Europe hasn't come up with a way to ensure internal financial stability yet.
Which point do you think the lack of competitiveness of the PIIGS misses?
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