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Tuesday, November 11, 2014

Paul De Grauwe : "Greece: The start of a systemic crisis of the Eurozone?" | VOX, CEPR’s Policy Portal

Greece: The start of a systemic crisis of the Eurozone? | VOX, CEPR’s Policy Portal

Things are different in some individual countries, in Greece in particular, a country with a weak political system that has been adding government debt at a much higher rate than the rest of the Eurozone and that in addition has a debt level exceeding 100% of GDP. So, while the Eurozone as a whole is no closer to a debt crisis than is the US, some of its member states have been moving closer to such a crisis.
This column, first published 15 December 2009, shows ...

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