Publication
16 Aug 2013
This commentary argues that austerity in Europe has been unavoidably associated with high cost in terms of a long recession and high unemployment. However, the author believes that the main aim was achieved as the peripheral euro area countries have now reached a sustainable external debt-to-export ratio position.
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English (PDF, 3 pages, 485 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2013 Centre for European Policy Studies (CEPS) |