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Southern Europe: The improvement in current accounts is here to last

Italy, Spain, Portugal, and Greece, which had run external deficits prior to the crises of recent years, now have current accounts at equilibrium or surplus. Part of that adjustment is cyclical in nature, related to recessions. 

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PERRIER Tristan , CFA, Strategy and Economic Research at Amundi
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Southern Europe: The improvement in current accounts is here to last
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