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Financial/Sovereign · Index Paid

EU Fiscal Sustainability Gap Score

Are Euro-Area governments on a sustainable fiscal path?

Refresh
quarterly
History
30.2 yrs
Plan
Paid
47.1/ 100
Stable

EU-EA20

1996-04-15 30.2 yrs · 33 pts 2026-06-27

Top drivers

debt_pct_gdpdeficit_pct_gdpdebt_component_score
⌁ mcp.call("adw-349") vADW-349-live-1.0
Use cases

What it unlocks

For an agent

A sovereign-credit risk agent polls ADW-349 quarterly and, when the EU Fiscal Sustainability Gap Score rises above 55 with confidence above 0.75 (32-observation backtest since 1996: range 10.6–76.5, mean 40.3; current 47.1 at 66th percentile and rising), it automatically increases the credit-spread assumption applied to Euro-denominated sovereign bond positions in a fixed-income model and posts a research note to the investment committee citing the top_drivers field—which decomposes the reading into debt/GDP (60% weight, anchored at the 60–120% Maastricht band) and deficit/GDP (40% weight, anchored at 0–6%). Source_lineage to Eurostat gov_10dd_edpt1 establishes that the data is the same official government submission used by the European Commission for its own surveillance, giving the agent's output credibility with compliance and external auditors.

📈

For the business

A European sovereign bond portfolio manager at a pension fund uses ADW-349 to maintain a consistent, rules-based sustainability screen across the EA20 bloc without having to manually reconstruct Maastricht compliance calculations from Eurostat's raw tables each quarter. The current score of 47.1—at the 66th percentile and rising for the first time in two years—signals the Euro Area is drifting toward historical stress levels (the all-time high was 76.5 in the post-GFC period), enabling the manager to reduce duration exposure in peripheral holdings before spread widening materializes, rather than reacting after market prices have already moved.

Forward outlook

Prediction

Horizon
Recommended use
Track Euro Area fiscal sustainability trajectory for sovereign credit analysis, macro-regime detection, and EU policy risk assessment. Higher score = worse fiscal sustainability (larger sustainability gap). Anchored to Maastricht Treaty thresholds. Descriptive index only — not a trade signal.
Methodology

How it's built

0.6*debt-comp(vs 60-120%) + 0.4*deficit-comp(vs 0-6%) -> 0-100

Version ADW-349-live-1.0 · validated to beat a naive baseline · benchmark: IMF Fiscal Monitor; EC Fiscal Sustainability Report S1/S2

Live response

The object an agent receives

One call returns the answer with its reasoning attached — the live Intelligence Object for ADW-349.

GET /v1/intelligence/adw-349
{
  "product_id": "ADW-349",
  "entity": "EU-EA20",
  "score": 47.1,
  "trend": "stable",
  "confidence": 0.82,
  "top_drivers": [
    {
      "factor": "debt_pct_gdp",
      "contribution": 87.8
    },
    {
      "factor": "deficit_pct_gdp",
      "contribution": -2.9
    },
    {
      "factor": "debt_component_score",
      "contribution": 46.33
    },
    {
      "factor": "deficit_component_score",
      "contribution": 48.33
    },
    {
      "factor": "debt_3yr_change_pp",
      "contribution": -1.5
    }
  ],
  "recommended_use": "Track Euro Area fiscal sustainability trajectory for sovereign credit analysis, macro-regime detection, and EU policy risk assessment. Higher score = worse fiscal sustainability (larger sustainability gap). Anchored to Maastricht Treaty thresholds. Descriptive index only — not a trade signal.",
  "methodology_version": "ADW-349-live-1.0",
  "freshness": "2026-06-27T04:00:11.539Z",
  "coverage": "Euro Area – 20 countries (EA20), general government sector (ESA 2010 S13), annual frequency. Published by Eurostat via EDP notification.",
  "source_lineage": [
    "Eurostat gov_10dd_edpt1 na_item=GD sector=S13 unit=PC_GDP geo=EA20 (General government consolidated gross debt, keyless)",
    "Eurostat gov_10dd_edpt1 na_item=B9 sector=S13 unit=PC_GDP geo=EA20 (Net lending/borrowing, keyless)"
  ],
  "allowed_use": "informational",
  "validation_status": "descriptive",
  "half_life": "P3M",
  "next_fresh_at": "2026-10-01T00:00:00.000Z",
  "reference_year": "2025",
  "debt_pct_gdp": 87.8,
  "deficit_pct_gdp": -2.9,
  "debt_component_score": 46.33,
  "deficit_component_score": 48.33,
  "sustainability_band": "elevated",
  "debt_breach_maastricht_60pct": true,
  "deficit_breach_maastricht_3pct": false,
  "debt_3yr_change_pp": -1.5,
  "debt_1yr_change_pp": 0.8,
  "normalization_anchors": {
    "debt_threshold_pct": 60,
    "debt_stress_pct": 120,
    "deficit_stress_pct": 6,
    "calibration_note": "60% debt = Maastricht treaty threshold (score 0 for debt component); 120% debt = double threshold / severe stress (score 100). 3% deficit = Maastricht limit; 6% = double limit (score 100 for deficit component). Composite: 60% debt stock + 40% flow deficit."
  },
  "data_lag_note": "Eurostat EDP data publishes ~4-6 months after year-end (spring notification ~April, autumn notification ~October). Score reflects latest published annual vintage.",
  "eurostat_updated": "2026-04-22T11:00:00+0200",
  "dataset": "gov_10dd_edpt1"
}
IOM schema

The agent-callable contract

Every product conforms to the Intelligence Object Model — typed, versioned, and discoverable.

  • product_id
  • entity
  • score
  • trend
  • confidence
  • top_drivers
  • prediction_horizon
  • recommended_use
  • methodology_version
  • freshness
  • coverage
  • source_lineage
  • allowed_use
MCP tool: adw.adw_349
Access options

Consume it your way

  • Dashboard

    Read the score + drivers in the console.

  • REST API

    /v1/intelligence/adw-349

  • MCP tool

    adw.adw_349

  • Marketplace

    Discoverable by any MCP agent via the MCP registry.

  • White-label

    Embed under your own brand (Platinum).

Plan requirement

Depth scales with the plan

  • Free Sample object — current score only
  • Gold Full drivers + history + confidence
  • Platinum White-label + bulk + SLA
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Call ADW-349 in one request.