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Bucharest
October 8, 2022
BUSINESS

Estonia and Luxembourg have the healthiest economies in eurozone

Amid the worst turmoil in the history of European integration, many eurozone member countries are adjusting rapidly. If the eurozone gets through the grave crisis, it could emerge as a much more balanced and dynamic region than it was before. This is the major message of The 2011 Euro Plus Monitor, a study made by Berenberg Bank and the Lisbon Council. The study was launched on last week at The 2011 Euro Summit, in the presence of Herman Van Rompuy, president of the European Council and acting chair of the eurozone heads of state summit.Despite the difficult economical problems many eurozone members are already making great strides towards putting them into practice. The number one country in what concerns Overall Health Indicators is Estonia, followed by Luxembourg (on the second place). Both benefit from exceptionally prudent fiscal policy. For Estonia, the score also reflects its very supply-friendly economic policy and the resulting rapid turnaround in net exports and wage costs after the 2007-2008 crisis. Germany and the Netherlands, meanwhile, tie for the number three spot. Both economies are extremely competitive. Slovenia (No. 5), Slovakia (No. 6) and Finland (No. 7) also show up prominently on the list of healthy economies.

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