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And Ireland is regaining competitiveness.
Countries under assistance are improving their fiscal situation and regaining competitiveness.
But unlike other troubled euro-zone countries, Ireland is regaining competitiveness by reducing unit labour costs.
This meant regaining competitiveness not by currency depreciation but by deep cuts in wages and public spending.
The exception is Spain, a country facing severe fiscal woes and difficulties in regaining competitiveness with other European economies.
The first creates a permanent dependence on transfers, which, by sustaining relative prices, prevents the economy from regaining competitiveness.
Similar(43)
Volkswagen, Brazil's top selling automaker, is trying to cut costs and regain competitiveness as sales have slipped from greater competition and an economic slump.
Ireland has regained competitiveness.
Nevertheless, a real problem remains: how does Greece regain competitiveness?
François Hollande recognises the need for France to regain competitiveness.
To regain competitiveness, wages must fall or productivity must rise.
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