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Learning from the US experience? CEPS Commentaries, 30 April 2010

Gros, Daniel. (2010) Learning from the US experience? CEPS Commentaries, 30 April 2010. [Policy Paper]

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    Abstract

    In this short Commentary, Daniel Gros draws lessons for the Greek fiscal crisis from episodes in the United States history in the 18th and 19th centuries when the federal government was faced with the dilemma of bailing out insolvent states. In those cases, no widespread contagion ensued, leading him to conclude that a default within a federation does not necessarily have to trigger catastrophic political consequences.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > External relations > EU-US
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Countries > Greece
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Aug 2010
    Page Range: p. 1
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14502

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