Europe and Ireland as a result of the debt crisis and subsequent fiscal consolidation policies. The authors take stock of …

to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain … aggravated by the first attack to the international financial crisis, it is not questionable the need of fiscal consolidation in … consolidation and explains why austerity is so fiercely advocated by both core and periphery governments. The main reasons for the …

wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may … countries studied, the labor share increased in one (Greece), declined in nine, and remained constant in two. We speculate that … eurozone face. If this is done, firms should also acknowledge that unit capital costs have increased significantly and thus …

Ireland in 2010 and Portugal in 2011. Before long, Italy and Spain were engulfed by financial contagion as well. Finally in …, and Debt Restructuring -- Chapter 6 European Debt Simulation Model Projections: Ireland, Italy, Portugal, and Spain …First came the financial and debt crisis in Greece, then government financing difficulties and rescue programs in …

the front lines, observing Europe's fitful efforts to contain crises in Greece, Hungary, Ireland, Portugal, Spain, Italy …, pledging to do "whatever it takes" to save the euro area. This candid book recounts the disagreements over fiscal austerity … Search for Fiscal Disciplineas Crisis Mounts -- Chapter 5 First Greek Bailout and Europe Wobbles into 2010 -- Chapter 6 …

.g. Italy, Portugal, Greece). According to the study, the improvement in the Hungarian interest balance will likely be … aspects of the budget 15 III. FISCAL CONSOLIDATION 19 III. 1. Fiscal consolidation on the basis of theoretical … III. 2. Fiscal consolidation in Hungary 30 III. 2. 1. The initial situation 31 III. 2. 2. Fiscal outlook 36 III. 2. 3 …

,4 1978 1981 1984 1987 1990 1993 1996 1999 2002 France Euro-zone Denmark Greece Ireland Portugal Sweden Austria 0 0,2 0,4 0 … smaller countries, such as Greece, Ireland or Portugal, benefited from the process of European integration with the ….3 0.5 Greece 3.1 -10.6 -4.4 18.4 -0.3 2.4 -2.4 -6.1 9.8 1.1 Ireland -1.2 -1.6 -7.6 6.1 1.9 -5.0 -4.1 -6.2 4.4 0.9 Italy 1 …

challenges concerning EMU and the euro are: fiscal policy making, monetary policy making, euro area being a non-optimal currency … Russian crisis. Although the Russian crisis led to substantial slowdown, fiscal positions were brought under control very … gives a picture of fiscal restraint and consolidation: countries with modest deficits intend to preserve their positions …