Detailed data are required on: (a) deposit liabilities by subsector and maturity classified further by currency to permit a closer analysis of the developments of the foreign currency components included in the M3 monetary aggregate and to facilitate investigations concerning the degree of substitutability between foreign currency and euro-denominated components of M3; (b) loans by subsector, maturity, purpose, interest rate reset and currency, as this information is considered essential for monetary analysis purposes; (c) positions vis-à-vis other MFIs in so far as this is necessary to allow for netting of inter-MFI balances or to calculate th ...[+++]e reserve base; (d) positions vis-à-vis non-euro area residents (rest of the world) for ‘deposits over two years agreed maturity’, ‘deposits redeemable at notice over two years’ and ‘repos’ in order to calculate the reserve base subject to the positive reserve ratio; (e) positions vis-à-vis the rest of the world for total deposit liabilities in order to compile the external counterparts; (f) deposit liabilities and loans vis-à-vis the rest of the world below and above one year original maturity for balance of payments and financial accounts purposes.

The industry generates a positive trade balance and is particularly well-performing in high margin sectors of specialty chemicals.

2.9. When the study addresses the relationship or net balance of road and rail infrastructure spend over revenues, the study shows that some countries such as Austria and the Netherlands transfer huge surpluses, as high as 160 % of that infrastructure spend, into general revenue to subsidise other sectors of the economy, whilst France and Germany zero balance or slightly subsidise infrastructure expenditure.

This calls for striking a fiscal balance between transport and other competing sectors, depending on overall financial resources and the trade-off between sectors.

Despite persistent trade deficits, the pre-independence balance of payments recorded current account surpluses equivalent to 7-8% of GDP, due to continuous surpluses in the service account coming mainly from tourism.

In the updated scoreboard, some indicators are beyond the indicative threshold, namely: the current account surplus; market share losses for exports; the private sector debt level and public sector debt.