Bericht
The fiscal crisis as a crisis in trust
Neither Northerners are willing to invest in a South they perceive as unwilling to undertake necessary structural reforms, nor are Southerners willing to invest in their countries in a climate of austerity and policy uncertainty imposed, in their view, by the North. This results in a vicious cycle of mistrust. However, as the author argues, big steps in the direction of reforms may provide just enough thrust to break out of this vicious cycle, propel southern countries - and especially Greece - to a much happier future, and promote the chances for more balanced economic performance in North and South.
- Language
-
Englisch
- Bibliographic citation
-
Series: SAFE Policy Letter ; No. 25
- Classification
-
Wirtschaft
- Subject
-
fiscal crisis
household liquidity
economic reforms
Greece
- Event
-
Geistige Schöpfung
- (who)
-
Haliassos, Michael
- Event
-
Veröffentlichung
- (who)
-
Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
- (where)
-
Frankfurt a. M.
- (when)
-
2014
- Handle
- URN
-
urn:nbn:de:hebis:30:3-340998
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Bericht
Associated
- Haliassos, Michael
- Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
Time of origin
- 2014
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