Accessible version Liquid Insight Peripheral resilience: Balance sheet approach Key takeaways By Edvard Davidsson & Nathan Thomas Chart of the day: Government balance sheets have recovered post-COVID, with Italy lagging Government balance sheet component of our Domestic Balance Sheet Indicator relative to GE (z-scores) Source: BofA Global Research -10 -8 -6 -4 -2 0 2 4 2000 2005 2010 2015 2020 2025 PT vs GE ES vs GE IT vs GE GR vs GE BofA GLOBAL RESEARCH Domestic balance-sheet strength indicator As the onse ...