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Austerity measures alone will not suffice to generate the growth needed for recovery in Greece, Portugal, Spain and …
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to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …
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consolidation measures that have been implemented in Greece between 2010 and 2014. We estimate that austerity explains almost the …
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The role of fiscal austerity has been questioned for centuries, but a rapidly increasing deficit along with the financial crisis in 2007 / 2008 influenced a renewed debate on the economics of austerity. This paper analyzes the role of austerity versus the role of economic growth. It also...
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