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This working paper details and updates the debt sustainability analysis of Darvas, Sapir and Wolff (2014) for Greece … because of the European Commission's downward revision of the 2013 debt level for Greece and Ireland, higher expected primary …
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The financial crisis has exposed the need to devise stronger and broader international and regional safety nets in order to deal with economic and financial shocks and allow for countries to adjust. The euro area has developed several such mechanisms over the last couple of years through a...
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