COLLIGNON, STEFAN; ESPOSITO, PIERO; LIERSE, HANNA - In: Journal of International Commerce, Economics and Policy … 04 (2013) 02, pp. 1350010-1
The European economy was hit by a confidence shock in 2009 when the Greek government of Papandreou discovered the true amount of public deficit. The subsequent loss of trust in European fiscal governance reduced financial markets' willingness to lend to indebted governments. The European Union...