Belgium, Italy, Ireland and Greece, which vastly exceeded 60% of GDP both at the time of
their EMU accession and to date ... . Both for
inflation and interest rates the comparison with the so-called Club Med countries (Spain,
Portugal, Italy and ... remain rigid.
The implications are likely delays in both fiscal consolidation and the introduction of the euro
in many ... Fiscal consolidation (Subject) ... Fiscal policy (Subject) ... Austerity (Subject) ...