Darvas, Zsolt; Sapir, André; Wolff, Guntram B. - 2014
, depending on the sustainability of their public debt and their vulnerability to shocks. Ireland made a clean exit in December … sustainability is not guaranteed and prudence will be needed to avoid future difficulties. A clean exit for Portugal is not … recommended when its programme ends in May 2014, because compared to Ireland it faces higher interest rates, has poorer growth …