Top E.U. Economic Official Says Cuts Must Continue

Not the most popular opinion

(Reuters) - Europe will need more spending cuts to emerge from its debt crisis despite an admission by the International Monetary Fund that cost cutting can choke economies, the EU's top economic official said on Friday.

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[Orlando Bisegna]

The Orlando Bisegna Index is a composite index. It is the result of 206 component indicators. It shows the total measure of the economic crisis existing in each of the countries analysed by using a value on a scale of 0 to 100, with 0 being the null level of the crisis intensity and 100 the maximum level.

1) Greece 39.54
2) Portugal 31.12
3) Ireland 29.08
4) Spain 25.22
5) Italy 23.68
6) Argentina 15.72
7) France 15.45
8) Japan 15.11
9) Netherlands 14.79
10) United Kingdom 14.53
11) United States 13.19
12) South Africa 11.37
13) Canada 11.21
14) Saudi Arabia 10.85
15) Brazil 10.63
16) Germany 10.15
17) Russia 9.87
18) Mexico 9.81
19) Sweden 9.40
20) Turkey 9.19
21) South Korea 9.06
22) Indonesia 8.76
23) Australia 8.43
24) India 8.10
25) China 6.14

For more information visit http://www.orlandobisegna.org/