How Euro economies are being choked by an accounting identity

Brender, Anton, Gagna, Emile & Pisani, Florence.

Is austerity in the Eurozone doomed to fail? This column argues that Eurozone governments have to acknowledge that their response to the sovereign crises has been wrong. Bringing budgets back to balance as quickly as possible and at any cost for growth is a recipe for disaster.

Πηγή: Voxeu

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