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Why Greece is different. CEPS Commentary, 22 May 2015

Gros, Daniel. (2015) Why Greece is different. CEPS Commentary, 22 May 2015. [Policy Paper]

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    Abstract

    With Greece’s economy tanking again, the country’s government is convinced that it is the victim of the wrong treatment in the form of excessive austerity and is calling for a renegotiation of the bailout deal it made with its international creditors. In Daniel Gros’ view, however, this narrative overlooks the fact that the approach worked in other peripheral countries: Portugal, Ireland, Spain and even Cyprus, are all visibly recovering. As he points out in this CEPS Commentary, it was their strong export performance which allowed these countries to escape the austerity trap and he accordingly urges Greece’s policy-makers to focus their attention on stimulating exports rather than only discussing the budget.

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    Item Type: Policy Paper
    Subjects for non-EU documents: 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: 26 May 2015 10:22
    Number of Pages: 4
    Last Modified: 26 May 2015 10:22
    URI: http://aei.pitt.edu/id/eprint/64201

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