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show that growth is higher if the debt to GDP ratio is below 60 % compared to values above it. Moreover, a comparison with …
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Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created … the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making … level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed …
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