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It’s the Youth, Stupid! Greece’s most undervalued asset

Tsianos, Vasileios (2014) It’s the Youth, Stupid! Greece’s most undervalued asset. Euro Crisis in the Press (07 Jul 2014). Website.

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Abstract

Numbers never lie. However the fashion of macroeconomic valuation has a long history of interpreting partially the truth that numbers are intended to resonate. During the last four years, statistical numbers regarding the Greek economy have been interpreted by multiple economists, international investors, and public policy decision makers. Amongst many others, the most popular numbers regurgitated by mass media are the 60% youth unemployment, the 160% debt-to-GDP ratio, the 10% deficit, and the excessive credit default swaps (CDS) spreads widening. These numbers on the country’s current economic state, along with the inverting of the demographic age distribution pyramid, has led traditional methods of macroeconomic growth research to assure investors that the Greek economy has little or negligible growth potential. As a result, the public opinion has come to a consensus: the current Greek youth is a lost generation.

Item Type: Online resource (Website)
Official URL: http://blogs.lse.ac.uk/eurocrisispress/
Additional Information: © 2014 The Author(s); Online
Divisions: LSE
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JN Political institutions (Europe)
Sets: Collections > LSE Euro Crisis in the Press Blog
Date Deposited: 22 May 2017 09:48
Last Modified: 14 Jul 2020 23:17
URI: http://eprints.lse.ac.uk/id/eprint/78057

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