For over two decades, Greece's external position has been characterised by current account deficits and negative net foreign assets. The Recovery and Resilience Plan (RRP), supported by the EU's Recovery and Resilience Facility (RRF), is a large-scale investment and reform programme, which may...

Will ageing societies in Europe lead to a new savings glut? To address this potential consequence of demographic change, we assess the relationship between population ageing and safe assets in the euro area, using data from the Eurosystem's Household Finance and Consumption Survey (HFCS). Our...