Austerity measures in crisis countries: Results and impact on mid-term development

Artikel

Since the onset of the sovereign debt crisis, the crisis-stricken countries in Europe have been pushed to take drastic steps to consolidate their finances and reduce their budget deficits. Despite strong public opposition and largely damaging short-run effects, the countries have undertaken many of the internationally recommended/mandated reforms and spending cuts. In this Forum, authors from Greece, Ireland, Italy, Spain and Portugal report on the fiscal consolidation achieved in their respective countries - and the sacrifices that have made it possible. Furthermore, the authors detail what remains to be done to resolve the crisis.

Show object

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 48 ; Year: 2013 ; Issue: 1 ; Pages: 4-32 ; Heidelberg: Springer

Classification and Topics

• Classification: Wirtschaft
• Subject: Öffentliche Schulden ; Haushaltsdefizit ; Haushaltskonsolidierung ; Haushaltskonsolidierung ; Wirkungsanalyse ; Europa

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Monastiriotis, Vassilis ; Hardiman, Niamh ; Regan, Aidan ; Goretti, Chiara ; Landi, Lucio ; Conde-Ruiz, J. Ignacio ; Marín, Carmen ; Cabral, Ricardo
• Event: Veröffentlichung
• (who): Springer
• (where): Heidelberg
• (when): 2013

Further information

• DOI: doi:10.1007/s10272-013-0441-3
• Handle: http://hdl.handle.net/10419/74564