|
Indicator
|
Change between 2009 and 2010, %
|
||||||
|
variable
|
proxy
|
|
|
|
|
|
|
|
a
|
Growth outlook
|
real-effective exchange rate*
|
-0.3
|
-6.9
|
-3.6
|
-2.5
|
-2.7
|
|
b
|
Primary budget
|
primary budget/GDP**
|
6.3
|
-2.0
|
0.1
|
2.0
|
2.4
|
|
c
|
Continent liabilities
|
house prices***
|
-4.3
|
-15
|
-0.3
|
1.6
|
-1.0
|
|
d
|
Political pressure
|
unemployment rate**
|
3.0
|
1.1
|
0.4
|
0.8
|
1.7
|
|
Score
|
b+c-d-a (low=more risk)
|
-0.7
|
-11.2
|
3
|
5.3
|
2.4
|
|
|
Rank
|
1=highest risk
|
2
|
1
|
4
|
5
|
3
|
|
source: Oxford
* CPI-based ** change in percentage points *** 2010Q3 or latest