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This article narrates Ireland’s recent odyssey from the pride and envy of Europe to kneeling supplicant through the eyes of an econometric model of the government bond market. The exercise suggests that, in essence, two developments triggered and propelled Ireland’s drift towards sovereign...
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of the accumulation of Greece's public debt since the 1960s and the role of public debt in the recent crisis. We show … structural imbalances of the eurozone is of vital importance. …
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