Policy Research in Macroeconomics

Snatching defeat from the jaws of a presumed victory? The Herculean labours of fiscal stringency

March 2016

Chronis and Droucopoulos contend that it would take an inordinate dose of audacity from someone to maintain that the adjustment programmes imposed on Greece and executed from 2010 onwards are not responsible for the severe economic slump that the country is experiencing.

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