‘Clouds’ on its budget front Eurozone sees in her analysis, the Piraeus Bank As increased defense spending, high public debt in countries such as France, demographic and very mild growth push budgets.
The result, according to Piraeus Bank, is that the need for cuts, often non -popular, supplies waves of political instability in the eurozone countries.
The recent trade agreement with the US has prevented the escalation of bilateral tensions, but without disrupting the concerns that it mainly favors the US side.
Energy remains open wound. The disengagement of Russia and the shift to cleaner sources keep the cost high and make it difficult to secure adequate quantities at business prices.
Despite the pressure, the eurozone economy continues to “run” at a slightly better pace than expectations, while unemployment remains at historically low.