Quarterly report on the euro area
Quarterly Report on the Euro Area. March 2006(758 kB)
(Quarterly report on the euro area. 01. March 2006.
Brussels. 41pp. )
The first issue in 2006 assesses recent economic developments and short-term prospects in the euro area. It also presents an analysis of the respective roles of employment and wages in supporting household consumption in the euro area as well as an assessment of the response of housing supply to surging house prices. The focus section of the report looks into the implications of household debt accumulation in the euro area.