Economics, Econometrics and Finance
4 years ago

Austerity and Wage Cuts to Worsen Euro Crisis, New Study Warns.

IZA Policy Papers
Further Austerity and Wage Cuts Will Worsen the Euro Crisis
Corrado Andini, Ricardo Cabral

Paper Summary

The euro crisis won't get better with more austerity and wage cuts. These solutions suggested by EU and IMF won't reduce debt ratios and will likely make countries' economies even worse.

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