consolidation and explains why austerity is so fiercely advocated by both core and periphery governments. The main reasons for the … governments, in cooperation with the European Commission, the ECB and the IMF, based on further austerity and wage cuts aggravate … to its disintegration. Considering the debt crisis as a problem of the PIIGS (Portugal, Ireland, Italy, Greece, Spain …

In light of the failed negotiations with Greece, Jan Krahnen argues that an effective reform agenda for Greece can only … will, in the meantime, have to offer Greece a basic level of economic security. Krahnen demands that policy makers and the …Mit Blick auf die gescheiterten Verhandlungen mit Griechenland, argumentiert Jan Krahnen im vorliegenden Policy Beitrag …