Publication
4 Oct 2013
This commentary argues that austerity in the eurozone has left a legacy of unsustainable debt that will test the political resilience of the debtor countries and that the improvement in the area's GDP growth rates is just the result of the European Central Bank’s Outright Monetary Transactions.
| Download |
English (PDF, 6 pages, 290 KB) |
|---|---|
| Author | Paul De Grauwe, Yuemei Ji |
| Series | CEPS Commentaries |
| Publisher | Centre for European Policy Studies (CEPS) |
| Copyright | © 2013 Centre for European Policy Studies (CEPS) |