The 16 countries of the eurozone need to do more to underpin the credibility and stability of their common currency over time, concludes a new report published jointly by Allianz SE, a leading global financial services provider, and The Lisbon Council, a Brussels-based think tank. Dubbed The 2010 Euro Monitor: Indicators for Balanced Growth, the study evaluates and ranks the 16 eurozone countries based on their contribution to balanced growth, that is growth devoid of macroeconomic imbalances, and thus to overall euro-area stability. It is the first publication of its kind – and the first one to be published after the European debt crisis earlier this year – which provides a comprehensive overview of the current state of all eurozone countries. It ranks them according to 15 quantitative indicators in four key categories: fiscal sustainability; competitiveness and domestic demand; jobs, productivity and resource efficiency; and private and foreign debt. The Euro Monitor is designed to serve as a macroeconomic surveillance and early-warning tool, flagging up existing and emerging imbalances.