Abstract
Since May 2010, Greece followed by Ireland and Portugal, receive financial support from other Euro-area Member States as well as the International Monetary Fund (IMF) in the context of a sharp deterioration of their financing conditions2. With Italian spreads3 currently on the rise, as well as an outlook of weak growth for the already fragile European economy, Europe’s sovereign debt crisis has entered another decisive phase.
All data has been collected before December 2011
I am grateful to Roland Freudenstein, John Lageson and Vit Novotny for comments and suggestions.
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References
European Economic Forecast Autumn 2011, European Commission, p. 11.
International Monetary Fund, Regional Economic Outlook, Europe — Navigating stormy waters, October 2011, p. 21.
European Economic Forecast Autumn 2011, European Commission, p. 30.
European Economic Forecast Autumn 2011, European Commission, p. 34.
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De Corte, S. (2012). An Investment Strategy in EU: A Means to Compensate for the Lack of Fiscal Transfers. In: Schuman Report on Europe. Springer, Paris. https://doi.org/10.1007/978-2-8178-0319-7_10
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DOI: https://doi.org/10.1007/978-2-8178-0319-7_10
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