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The Greek Fiscal Adjustment Programme: An evaluation. CEPS Commentaries, Published 21 April/Updated 27 April 2010

Gros, Daniel. (2010) The Greek Fiscal Adjustment Programme: An evaluation. CEPS Commentaries, Published 21 April/Updated 27 April 2010. [Policy Paper]

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    Abstract

    In this Commentary, CEPS Director Daniel Gros takes a look at the quality of Greece's official fiscal adjustment programme and concludes that a substantial part of the projected revenue increases are unlikely to materialise and that the hard choices and unavoidable cuts have been postponed. In his view, it is not a credible instrument in the longer-run perspective, which is what is needed given that the required long-term adjustment is a reduction in the deficit worth over 10% of GDP.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Countries > Greece
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: 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: 10 Aug 2010
    Page Range: p. 3
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14507

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