Ortega Regato, Eloísa; Peñalosa Ruiz, Juan María - 2012
previous instances, and which have meant that there are significant obstacles to emerging from recession. Spanish EMU … significantly narrower in EMU. The macroeconomic and financial imbalances accumulated in the high-growth phase (the real estate boom … estate market, fiscal policy and the labour market. These lessons point in particular to the need to avoid complacency in …