investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment …

-to-quality effect. Common news about the euro crisis and news about specific countries itself tend to raise the covariance of yields … between distressed countries, indicating potential crisis spillover effects. However, we do not detect spillover effects from … Markets Programme (SMP) mitigate the negative crisis spillovers among the distressed countries and reduce the flight …

, and the Euro/financial crisis in 2008-2009, which was followed by a general and intensive reform process in the years … business cycle oscillations. This has been especially so in the recent crisis and calls for fine tuning policy measures …

The euro area is facing crisis, while the US is not, though the overall fiscal situation and outlook is better in the …

of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … solution of the Greek and wider European crisis. A broader agenda that deals with the malaises of the Greek economy and the …