The 17 Euro zone countries Economy still better 9 are worse


(Austria Vienna By Muhammad Aslam) –  The 17 euro-zone countries are in terms of the economy, are still better. Germany shall continue from locomotive of the euro zone, although Austria loses the second place in Estonia, but still counts as one of the top countries. In contrast to Southern Europe, Cyprus, Greece, Portugal and Italy are at the end of a published on Tuesday rankings of the insurance group Allianz. In nine of the 17 euro-zone countries, the value has improved compared to 2012, in three countries remained the rating, the Alliance calculated based on 15 economic indicators, equal, and in five states, there were declines. For Austria, the value increased from 6.9 to 7.1, but you lost a second place. For Estonia alliance calculated namely a rating of 7.2, down from 6.9 the previous year. Number 1 of the ranking remains Germany, which this year – as in 2012 – creates an average of 7.7 points. At the lower end of the scale 1-10 rank the euro-crisis countries Cyprus, Ireland, Greece, Portugal, Italy, Slovenia and Spain, in Ireland, Greece, Portugal and Spain, with the arrow pointing upwards. Deteriorates, however, have to Slovenia, Italy and Cyprus. In Cyprus, the rating dropped from 3.1 to 2.7 now, which means a crash on the last place of the “Alliance Euro Monitor”. During the year, four countries had a value below 4, it was only this year Cyprus. The reforms would “predominantly bear fruit,” says the report. However, the economic weakness superimpose the reform efforts. The affects it on the government deficit, unit labor costs, domestic demand and labor productivity. The Alliance experts urge to “maintain Reformmomentum” that – despite decaying euro debt crisis. Within the euro zone, the individual member countries are still far apart, but economists see a “balanced development in the width”. Between Germany and Cyprus are still worlds.The European Union for not very likely,” said the authors. The differences in competitiveness of the individual euro area countries is regarded as one of the causes of the debt crisis.The high unemployment and weak domestic demand. The employment situation had “deteriorated significantly”. Seven out of 17 countries had for both indicators to accept the lowest rating. Austria and Germany are the leaders in unemployment and domestic demand. For Austria, the study authors also emphasize the apparent sound public finances. The longer term, but warned of a burden of spending on pensions and health.