factors: timing; a fiscal policy that was not pro-cyclical; the availability of reserves in Estonia; and the ownership …During the global financial crisis in 2008-10 Estonia symbolized a pathway of fiscal consolidation and austerity …. Moreover, despite opting for austerity and all the social and political consequences of achieving fiscal consolidation, the …

veräußernden Unternehmens EBRD European Bank for Reconstruction and Development EFTA European Free Trade Association/Europäische … Demokratische Linksallianz, polnische Partei SMEs small and medium sized enterprises/kleinere und mittelständische Betriebe und … Freihandelsassoziation EU Europäische Union EWG Europäische Wirtschaftsgemeinschaft F.E. Anmerkungen von Florian Eckert FDI Foreign …