L’Italia nella partita dell’euro

85

90

95

100

105

110

115

2007 2008 2009 2010 2011 2012 2013 2014 2015

100=01/01/07

Real GDP

US

Eurozone

Source : Datastream

85

90

95

100

105

110

115

2007 2008 2009 2010 2011 2012 2013 2014 2015

100=01/01/07Real GDP per capita

US

Eurozone

Source : Datastream

85

90

95

100

105

110

115

2007 2008 2009 2010 2011 2012 2013 2014

100=01/01/07Real GDP per capita

US

Germany

Italy

France

Spain

Source : Datastream

9095

100105110115120125130135140

1999 2001 2003 2005 2007 2009 2011 2013

100=01/01/99Real GDP per capita

Eurozone

Spain

Greece

Italy

Source : Datastream

70

80

90

100

110

120

130

2007 2008 2009 2010 2011 2012 2013 2014 2015

100=01/01/07Exports Goods & Services (volume)

Eurozone

Germany

France

Italy

Spain

Source : Datastream

70

80

90

100

110

120

130

2007 2008 2009 2010 2011 2012 2013 2014 2015

100=01/01/07Imports Goods & Services (volume)

Eurozone

Germany

France

Italy

Spain

Source : Datastream

-25%-20%-15%-10%-5%0%5%

10%15%20%25%

Q1 2007 Q1 2010 Q1 2013

% yoyBank credit to NFC

US

Eurozone

Source : BdF,Datastream

FR

BD

PT

ESIT

OEBGFN

IR

NLSX

GR

y = 2,619x - 4,1044R² = 0,8916

-25

-20

-15

-10

-5

0

5

-6 -5 -4 -3 -2 -1 0 1 2 3

Real GDP growth

Average over period Q1.10-Q2.14

0,0

0,5

1,0

1,5

2,0

2,5

3,0

3,5

4,0

4,5

5,0

2004 2006 2008 2010 2012 2014

Trillions dollars or euro

Central Banks' Balance Sheets

Reserve Federal

Eurosystem

Sources: Central Banks, SG