Has austerity gone too far?
Corsetti, Giancarlo. Is austerity self-defeating? Is it keeping Europeans underemployed for years and destroying the very growth needed to pay off the debt? Or is it steering nations clear of Greek-like tragedies? So starts a new debate on Vox on austerity, introduced in this column. Πηγή: Voxeu πλήρες κείμενο
Sudden stops in the Eurozone
Merler, Silvia, Pisani-Ferry, Jean. Many analysts and observers have put forward that the euro crisis is a balance-of-payments crisis at least as much as a fiscal crisis. This column provides evidence of capital-flow reversals in Greece, Ireland, Portugal, Spain, and Italy. It argues that the fostering of a pan-European banking industry and the creation of a […]