摘要：Underneath the umbrella of national competitiveness there are microeconomic andmacroeconomic factors, but the recovery and the revival of a state competitiveness must bebased on a strategy developed and coordinated centrally and implemented in strategic areas ofthe economy. In this respect, this paper aims to analyze the situation of European Union’scompetitiveness in terms of country risk and fiscal and budgetary discipline of the MemberStates, based on empirical data. Therefore, this study’s analysis includes the following twosteps: first, a segmentation of the European Union by determining distinct groups of countriesaccording to national competitiveness (GCI), public debt (PD) and budget equilibrium (BD); andsecond, a factor analysis performed on the resulted clusters of countries based on GCI, PD, BDand CDS (credit default swap).
关键词：sovereign debt crisis; country risk; fiscal and budgetary discipline; competitiveness
