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Euro Area Policies

International Monetary Fund, (2015), “Euro Area Policies”, IMF Country Report No. 15/204, 27 Ιουλίου

The recovery is strengthening, underpinned by lower oil prices and the ECB’s expanded asset purchase program. But the medium-term outlook remains weak, weighed down by the legacies of insufficient demand, lagging productivity, and weak bank and corporate balance sheets.

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