Gros, Daniel; Alcidi, Cinzia; Belke, Ansgar; Coutinho, … - 2014
reforms have not yet taken hold. The EU-led macroeconomic adjustment programmes outside the euro area (e.g. Latvia) seem to … resistance to structural reforms was more surprising and remains difficult to cure. The fiscal adjustment is now almost completed … country that the programmes have increased the long-term growth potential. Survey-based evidence suggests that structural …