Morten, thank you for a nice piece. Sometimes past sins (accumulated debt) are too heavy to overcome even after the decades of right economic policy (and during these decades, it will be hard to explain to citizens of Greece the need for austerity => unstable governments => likely to repeat primary deficits).
P.S. Just a small misprint: Figure 2 should have titled “for Latvia”, not “for Greece”.
Komentāri (25)
Andis Cēsnieks 15.08.2013. 12.40
Morten, thank you for a nice piece. Sometimes past sins (accumulated debt) are too heavy to overcome even after the decades of right economic policy (and during these decades, it will be hard to explain to citizens of Greece the need for austerity => unstable governments => likely to repeat primary deficits).
P.S. Just a small misprint: Figure 2 should have titled “for Latvia”, not “for Greece”.
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Inese 12.08.2013. 23.54
http://www.toonpool.com/user/2041/files/eu-merkel_478635.jpg
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inta_s 12.08.2013. 13.44
Greek economy shrinks 4.6 percent in second quarter
http://www.reuters.com/article/2013/08/12/us-ce-greece-gdp-idUSBRE97B09B20130812?feedType=RSS&feedName=topNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=992637
Internal Bundesbank Report Predicts New Greek Bailout In Early 2014, More Headaches For Merkel
http://www.zerohedge.com/news/2013-08-11/internal-bundesbank-report-predicts-new-greek-bailout-early-2014-more-headaches-merk
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lindapastare 12.08.2013. 13.04
Dear author, it is technically impossible to add *.doc file as an image to your article.
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inta_s 12.08.2013. 10.38
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/08/Doomed-To-Repeat-History.jpg
http://www.zerohedge.com/news/2013-08-11/bridgewaters-ray-dalio-warns-eurocrisis-not-over
http://pubs.aeaweb.org/doi/pdfplus/10.1257/jep.27.3.167
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