{"id":7185,"date":"2014-07-07T15:16:05","date_gmt":"2014-07-07T12:16:05","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=7185"},"modified":"2014-07-16T15:10:22","modified_gmt":"2014-07-16T12:10:22","slug":"revisiting-the-pain-in-spain","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/revisiting-the-pain-in-spain\/","title":{"rendered":"Revisiting the pain in Spain"},"content":{"rendered":"<p align=\"left\">Paul De Grauwe.<\/p>\n<p align=\"left\">There has been a stark contrast between the experiences of Spain and the UK since the Global Crisis. This column argues that although the ECB\u2019s Outright Monetary Transactions policy has been instrumental in reducing Spanish government bond yields, it has not made the Spanish fiscal position sustainable. Although the UK has implemented less austerity than Spain since the start of the crisis, a large currency depreciation has helped to reduce its debt-to-GDP ratio.<\/p>\n<p align=\"left\"><strong>\u03a0\u03b7\u03b3\u03ae:<\/strong> Voxeu<\/p>\n<p align=\"left\"><a href=\"http:\/\/www.voxeu.org\/article\/revisiting-pain-spain\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Paul De Grauwe. There has been a stark contrast between the experiences of Spain and the UK since the Global Crisis. This column argues that although the ECB\u2019s Outright Monetary Transactions policy has been instrumental in reducing Spanish government bond yields, it has not made the Spanish fiscal position sustainable. Although the UK has implemented [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37,4],"tags":[26],"class_list":["post-7185","post","type-post","status-publish","format-standard","hentry","category-18","category-37","category-proposals","tag-26"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/7185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=7185"}],"version-history":[{"count":2,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/7185\/revisions"}],"predecessor-version":[{"id":7239,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/7185\/revisions\/7239"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=7185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=7185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=7185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}