Horn, Gustav; Herzog-Stein, Alexander; Hohlfeld, Peter; … - 2011
economy results in large part from massive fiscal austerity programs in euro area countries as well as deep skepticism about … the resolution of the euro area crisis and, consequently, about economic growth. Exports will be hit first and will … outlook for the euro area as a whole, the ECB can be expected to take back its premature interest rate hikes. German fiscal …