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The Eurozone’s Real Weakness

Lucrezia Reichlin, (2019), “The Eurozone’s Real Weakness”, Project Syndicate, 28 Μαρτίου

A new eurozone crisis would most likely have a less uneven effect than in 2008 or 2011, not least because its largest economies are currently weak. But if a recession hits, policymakers will find it hard to mount an effective response.

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