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Europe’s Way Out

Rodrik, Dani (2013), “Europe’s Way Out”, www.project-syndicate.org, 12 Ιουνίου.

It seems that austerity is out of fashion in the eurozone – at least for the moment. The European Commission has given Spain, France, and the Netherlands more time to comply with the European Union’s 3%-of-GDP deficit ceiling. Even German government officials now concede that something more than fiscal belt-tightening is needed to revive the economies of the eurozone periphery.