Austerity measures in crisis countries — results and impact on mid-term development
Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many of the internationally recommended/mandated reforms and spending cuts. In this Forum, authors from Greece, Ireland, Italy, Spain and Portugal report on the fiscal consolidation achieved in their respective countries — and the sacrifices that have made it possible. Furthermore, the authors detail what remains to be done to resolve the crisis. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013
Year of publication: |
2013
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Authors: | Monastiriotis, Vassilis ; Hardiman, Niamh ; Regan, Aidan ; Goretti, Chiara ; Landi, Lucio ; Conde-Ruiz, J. Ignacio ; Marín, Carmen ; Cabral, Ricardo |
Published in: |
Intereconomics: Review of European Economic Policy. - Springer, ISSN 0020-5346. - Vol. 48.2013, 1, p. 4-32
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Publisher: |
Springer |
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