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. Governments in Germany, France, Italy and Portugal should begin to pursue a strict consolidation course. Empirical evidence shows …
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Pact to at least balance the budget over the medium term, the budget deficit in Germany, France, Italy and Portugal …
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The economic situation in the euro area continues to be weak. In the course of 2003, real GDP has only stagnated. Several factors prevented the expected recovery to materialize. Last year’s collapse of stock prices dampened activity, so did the high oil price. In addition, the uncertainty in...
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