Cyprus, Greece, Ireland, Portugal, and Spain, ranging from roughly 0.5% (Ireland) to a whopping 43% (Greece) of 2010 output … activity, debt-to-gdp ratio, default costs). Our model embeds a 'Southern view' of the crisis (transfers did not help) and a … for high debt countries. Hence, the model provides a potential justification for the often decried policy of 'kicking the …

Seit fünf Jahren werden Griechenland, Irland, Portugal, Spanien und Zypern durch Hilfsprogramme des Euro … successful in Ireland, Spain and Portugal. While challenges remain regarding public and private debt levels, all three countries …