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Spain’s economic problems are not being helped by attempts to disguise debt in official figures

Garicano, Luis (2012) Spain’s economic problems are not being helped by attempts to disguise debt in official figures. European Politics and Policy at LSE (06 Dec 2012). Blog Entry.

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Abstract

This week Spain formally requested 39.5 billion euros of European funds to recapitalise Spanish banks. Luis Garicano writes that one of the key issues exacerbating Spain’s economic crisis is the tendency to disguise debt in official figures. He argues that in several areas of the Spanish economy it is better to accept money has been lost, rather than spend further funds simply to maintain an appearance of sustainability.

Item Type: Website (Blog Entry)
Official URL: http://blogs.lse.ac.uk/europpblog//
Additional Information: © 2012 The Author
Subjects: H Social Sciences > HC Economic History and Conditions
JEL classification: H - Public Economics > H0 - General
Sets: Departments > Economics
Departments > Management
Collections > LSE European Politics and Policy (EUROPP) Blog
Research centres and groups > Centre for Economic Performance (CEP)
Research centres and groups > Managerial Economics and Strategy Group
Date Deposited: 26 Mar 2013 14:39
Last Modified: 26 Mar 2013 14:39
URI: http://eprints.lse.ac.uk/id/eprint/49459

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