Belke, Ansgar; Dreger, Christian - Rheinisch-Westfälisches Institut für … - 2011
The Greek government budget situation plays a central role in the debt crisis in the euro area. The debt to GDP ratio is above 150 percent, while the defi cit to GDP ratio exceeds 10 percent. To re-establish the Maastricht criteria, respectively, strong consolidation measures need to be...