Macro overview – largest EU economies – Germany, France, Spain and Italy – divergence/disorder
The EU is currently undergoing a period of macroeconomic divergence. The analysis of the four largest EU members – Germany, France, Spain, and Italy reveal a profound shift in regional dynamics such as Germany’s collapse of the export-driven growth model that has underpinned the economy for decades; the emergence of Spain as a regional leader; and all this is contrasted with France’s current fiscal instability.