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This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the … growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted. …
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Eurozone.Each variant of fiscal integration must be based on sound foundations of fiscal discipline. Market discipline, i … problem. Unfortunately, since 2010, the ‘no bail out' principle has been replaced by a policy of conditional bailout of …
Persistent link: https://www.econbiz.de/10013075021
to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …
Persistent link: https://www.econbiz.de/10011515832
Drawing on an analysis of austerity reforms in Greece and Portugal during the sovereign debt crisis from 2009 onwards … depends on their ability to control state budgets to reward clients. In Greece, where parties relied extensively on these …
Persistent link: https://www.econbiz.de/10013049407
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: "Staatsbankrott", ID 32/10). Die Problematik wird in Werken zur Wirtschaftspolitik und Finanzkrise mitbehandelt, hier aber werden …
Persistent link: https://www.econbiz.de/10003949661
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We present an analytically tractable two-country New Open Economy Macroeconomics model of a currency union featuring an overlapping gen- erations structure of the Blanchard (1985)-Yaari (1965) type. It enables us to study the transmission and spillover effects of a wider range of fiscal shocks...
Persistent link: https://www.econbiz.de/10011741677