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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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Abstract

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: http://www.scopus.com/source/sourceInfo.url?source...
Additional Information: © 2013 ZBW and Springer-Verlag Berlin Heidelberg
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Journal of Economic Literature Classification System: H - Public Economics > H0 - General
Sets: Departments > European Institute
Research centres and groups > Spatial Economics Research Centre
Research centres and groups > Hellenic Observatory
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 18 Mar 2013 10:13
URL: http://eprints.lse.ac.uk/49199/

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