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Austerity measures in crisis countries — results and impact on mid-term development

Monastiriotis, Vassilis, Hardiman, Niamh, Regan, Aidan, Goretti, Chiara, Landi, Lucio, Ignacio Conde-Ruiz, J., Marín, Carmen and Cabral, Ricardo (2013) Austerity measures in crisis countries — results and impact on mid-term development. Intereconomics, 48 (1). pp. 4-32. ISSN 0020-5346

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Identification Number: 10.1007/s10272-013-0441-3


Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many of the internationally recommended/mandated reforms and spending cuts. In this Forum, authors from Greece, Ireland, Italy, Spain and Portugal report on the fiscal consolidation achieved in their respective countries - and the sacrifices that have made it possible. Furthermore, the authors detail what remains to be done to resolve the crisis.

Item Type: Article
Official URL:
Additional Information: © 2013 ZBW and Springer-Verlag Berlin Heidelberg
Divisions: European Institute
Spatial Economics Research Centre
Hellenic Observatory
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: H - Public Economics > H0 - General
Date Deposited: 18 Mar 2013 10:13
Last Modified: 16 May 2024 01:37

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