crisis. The latter is mainly the result of misguided past internal policies deviating from the policy lessons of modern … macroeconomics. The current policy, however, provides a credible platform for sustainable growth. Greece has entered the process of …-se determining growth, supply-side reforms and institutional performance are; and for Greece both are better served within the EMU …

debt and currency crisis. The model is built on two essential blocks: first, erratic macroeconomic policymaking in Greece … macroeconomic policies in Greece are considered. The model’s mechanism and assumptions allow either for a Grexit from the euro area …Against the backdrop of the Greek three-act tragedy, we present a theoretical framework for studying Greece’s recent …

, but this is still fragile and exposed to risks. Overall, we support the continued participation of Greece to the euro … Greek debt crisis. We argue that this is mainly the result of misguided past internal policies deviating substantially from … a credible platform for achieving sustainable growth. We argue that Greece has entered the process of economic recovery …

crisis outbreak, one of the main issues for indebted countries has been whether to pursue a policy which promotes saving or … concluded that in a crisis environment, consumption policy should be given priority; however, a precondition for this is that a … country was not overburdened prior to the crisis outbreak, i.e. a successful crisis management policy should, in fact, be …

This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia …, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is … exchange rate vis-à-vis the Euro of each Baltic country, reflecting a degree of real convergence consistent with Optimum …

that the euro triggered product but neither labour nor financial market reforms. Differently from previous studies, we find … that: (a) the Single Market has similar effects to the euro, and (b) sectoral heterogeneity appears less important in …