We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for … sustainability when debt gets "too high" relative to a threshold which is not necessarily fixed but varies with the level of debt … relative to its recent history and/or the occurrence of a financial crisis. However, the Greek and Italian debt …

The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to314 billion euros in … destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …

threshold behaviour for the GIPS, that only correct "large" unbalances, which, in the case of Greece and Portugal, are higher … of financial crises, poor growth and debt crises. Our empirical analysis, applied to the GIPS, shows evidence of a … large" budgetary unbalances are corrected. -- debt sustainability ; fiscal adjustment ; nonlinear models …

, Portugal, Spain and Sweden. The article explores the conditions of the reduction of employment protection and takes a closer … by relaxing it for temporary jobs. These countries are Belgium, Denmark, Germany, Greece, Italy, the Netherlands …

, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active labour market policies …-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain …

crisis in Greece. 61.9% of the experts surveyed were not in favour of Greece exiting the Eurozone in the course of the … Republic, Denmark, and Slovakia were in favour of Greece exiting the Eurozone. The share of experts who were in favour of … Greece staying in the Eurozone increased to 69.8% in October 2015. 72.4% of experts surveyed believed that the IMF should …

debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece …Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent … macroeconomic policies in Greece are considered. The model's mechanism and assumptions allow either for a Grexit from the euro area …

We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The … programme (2012-14) achieved progress towards recovery but this was fragile and was cancelled out by Greece's stand-off with her … lenders in the first half of 2015. The stand-off was one that predictably Greece could not win, due to the lack of a credible …

We asked economic experts polled by the CESifo World Economic Survey how to handle the fiscal crisis in Greece in the …-level characteristics, especially credit default swaps as a measure of fiscal stability, predict views on whether Greece should exit the …

developments elsewhere on the periphery of Europe, in Greece, Ireland, and Portugal. In some ways, however, Iceland resembles Italy …, Japan, and Russia more than it resembles its Nordic neighbors or even Ireland. The paper also considers the uncertain …