Publication
7 Mar 2012
According to the author of this commentary, the real problem in Greece is no longer the fiscal deficit, but a combination of deposit flight and continuing excessive consumption in the private sector. he author warns that if Europe’s policy-makers do not recognise that deposit flight and continuing excess private expenditure constitute the real danger to the adjustment programme in Greece, they might soon have another crisis to deal with – of even greater proportions.
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English (PDF, 3 pages, 137 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2012 Centre for European Policy Studies (CEPS) |