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Quarterly Report on the Euro Area. October 2004
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Quarterly Report on the Euro Area. October 2004 
(707 kB) 
The third issue in 2004 discusses recent economic developments and short-term prospects in the euro area. It also contains two analytical chapters assessing, respectively, developments in profitability and the financial health of the private sector. The Focus section of the report discusses the causes of the pro-cyclicality of fiscal policy in EMU.
(Quarterly report on the euro area 03. October 2004.
Brussels. 42pp. )
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