Antonin, Céline; Blot, Christophe; Schweisguth, Danielle - In: Revue de l'OFCE N° 129 (2013) 3, pp. 59-99
Despite new hopes raised during the second semester of 2012, the Euro area is not yet out of recession. It has been … been adopted by parliaments and lead to further consolidation, thereby maintaining the Euro area in recession. GDP will …. Growth will be back in the Euro area (0.9%), but it will be insufficient to lower unemployment. Besides, the balance of risks …