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Greece, Portugal and Spain face a serious risk of external solvency due to their close to minus 100 percent of GDP net … exchange rates of Greece, Portugal and Spain have also either already adjusted or do not indicate significant appreciations …
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The study looks at primary expenditure developments in the euro area, its three largest members and four “macro-imbalances” countries for the period 1999-2009. It compares actual expenditure trends with those that would have prevailed if countries had followed neutral policies based on...
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Greece has applied for membership in the European Communities on June 13, 1975, Portugal on March 28, 1977, and Spain … January 1, 1981, while Portugal and Spain have become the eleventh and twelth member since January 1, 1986. However, the … routes of these countries to the EC were much longer. The aim of the study is to overview the experience of Greece, Portugal …
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