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
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 |
| Date Deposited: | 18 Mar 2013 10:13 |
| URL: | http://eprints.lse.ac.uk/49199/ |
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