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The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in 2013. By and large, those countries are small open economies held hostage to the excessive fiscal austerity pursued in the euro area and the sluggish progress on the part of its...
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deepening and growth, and assess the contribution of real estate bubbles to financial crises. Focusing on Europe, and in … particular on Central, Eastern and South-Eastern Europe, the collection provides country-specific accounts, suggesting policy … practitioners will find the expert insight into lessons learned in Europe in the wake of the financial crisis and the proposal for …
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