Showing 1 - 10 of 9,692
Both in science as in politics, the euro project is an intensively discussed topic. While some predict maintaining it will lead europe in a glorious future, others consider it to be the evil ruining the old continent. The present work addresses the question how common pool ressources, that are...
Persistent link: https://www.econbiz.de/10010769213
Underlying Greece's public debt crisis is a fundamental economic problem: its lack of international competitiveness … on whether it will succeed in developing competitive industries. Reducing costs by lowering wages in case Greece stays in …
Persistent link: https://www.econbiz.de/10011109956
achieve its goals: to reduce the debt-to-GDP ratio to 120.5% in 2020 and to ensure the return of Greece to market financing by … restructuring process and (3) costs of restructuring; and applies them to the case of Greece. Based on this analysis, three policy … implications are formulated, with relevance to Greece and the wider eurozone. Firstly, the importance of increased policy effort by …
Persistent link: https://www.econbiz.de/10010737489
Within the next few months, the Greek government, is supposed to persuade private creditors holding about EUR 200bn in its bonds to voluntarily exchange their existing bonds for new bonds that pay roughly 50 percent less. This may work with large creditors whose failure to participate in a debt...
Persistent link: https://www.econbiz.de/10011083320
wages only will not solve the euro crisis. Only in the case of Greece, Europe’s biggest 'problem child', would a general … wage cut lead to improved competitiveness – regardless of the pain such a reform would cause. This is because Greece …
Persistent link: https://www.econbiz.de/10011258799
Persistent link: https://www.econbiz.de/10010761523
Seit der Finanz- und Wirtschaftskrise ist die Staatsverschuldung einiger Euroländer so stark gestiegen wie nie zuvor, und eine glaubwürdige Konsolidierungsstrategie ist nicht in Sicht. Im Gegenteil, vermehrt wird sogar eine Lockerung der Sparpolitik gefordert, um so die Wirtschaft anzukurbeln....
Persistent link: https://www.econbiz.de/10010948770
Persistent link: https://www.econbiz.de/10010877554
2003 marks the 40th anniversary of the founding of SUERF. To mark this milestone, some time ago the Council of Management commissioned Professor Jean-Paul Abraham to write a commemorative report. His mandate was not to write a history of SUERF itself (that would be too self-indulgent) but to...
Persistent link: https://www.econbiz.de/10005342569
On October 24, 2003, SUERF celebrated its 40th anniversary in the Galerie Dorée of the Banque de France with an especially high level and rich seminar. The memorable occasion was further elevated by Jean Claude Trichet giving the tenth SUERF Annual Lecture in his last public speech as Governor...
Persistent link: https://www.econbiz.de/10005702815