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There is a belief among Brazilians that the country pays too much tax and that this value does not return to society with the provision of good public services, that the state inefficiency coupled with corruption consumes the generated resources. However, the Brazilian society needs to fully...
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We show how a stability pact based on deficit sanctions eliminates the exacerbation of debt accumulation that may arise … pact provides for risk sharing. Differences in initial debt levels, however, reduce the scope for unanimous support for a …
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Die vielfältigen Bemühungen und Bestrebungen, durch eine Verbesserung der wirtschafts- und finanzpolitischen Regelungen in der Europäischen Union (EU) die Euro-Schuldenkrise zu beenden, haben gezeigt, dass nicht alle Mitgliedstaaten bereit waren, diese Maßnahmen mitzutragen. Ein prominentes...
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and private debt levels, all three countries successfully returned to the financial market after implementing a multitude … also growing relatively rapidly despite the fact that private debt levels are still elevated and deleveraging is ongoing …
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