Monday 20 February 2012

Further austerity and wage cuts will worsen the euro crisis

This note argues that the solutions to the euro-area crisis proposed by the EU governing institutions in cooperation with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign and external debt ratios of countries experiencing these problems. Quite in contrary, they are likely to further reduce the real GDP growth of these countries.

This note is joint with Corrado Andini and is available here.


12 comments:

  1. http://www.interfluidity.com/v2/2968.html

    Why can't portuguese economists come up with this kind of analysis?

    ReplyDelete
  2. good mr http://www.ojelhtc.com/

    ReplyDelete
  3. thanks for article and visit me on Prediksi Bola

    ReplyDelete
  4. Kumpul Bola lorem ipsum doler sit amet sik makandaifwsn dfkoa kui mau ngopo tho

    ReplyDelete
  5. very nice info brother ,dont mis it ya

    ReplyDelete
  6. Hello Everybody,
    My name is Mrs Sharon Sim. I live in Singapore and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of S$250,000.00 to start my life all over as i am a single mother with 3 kids I met this honest and GOD fearing man loan lender that help me with a loan of S$250,000.00 SG. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs Sharon, that refer you to him. contact Dr Purva Pius,via email:(urgentloan22@gmail.com) Thank you.

    BORROWERS APPLICATION DETAILS


    1. Name Of Applicant in Full:……..
    2. Telephone Numbers:……….
    3. Address and Location:…….
    4. Amount in request………..
    5. Repayment Period:………..
    6. Purpose Of Loan………….
    7. country…………………
    8. phone…………………..
    9. occupation………………
    10.age/sex…………………
    11.Monthly Income…………..
    12.Email……………..

    Regards.
    Managements
    Email Kindly Contact: urgentloan22@gmail.com

    ReplyDelete