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Quarterly Report on the Euro Area. October 2004

Quarterly Report on the Euro Area. October 2004pdf(707 kB) Choose translations of the previous link 

The third issue in 2004 discusses recent economic developments and short-term prospects in the euro area. It also contains two analytical chapters assessing, respectively, developments in profitability and the financial health of the private sector. The Focus section of the report discusses the causes of the pro-cyclicality of fiscal policy in EMU. 
(Quarterly report on the euro area. 03. October 2004. Brussels. 42pp. )

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