| Author (Person) | Gros, Daniel |
|---|---|
| Publisher | Centre for European Policy Studies [CEPS] |
| Series Title | CEPS Commentary |
| Series Details | April 2010 |
| Publication Date | April 2010 |
| Content Type | Journal | Series | Blog |
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From Source URL click on 'Download the document (PDF) for FREE'. In this Commentary, CEPS Director Daniel Gros takes a look at the quality of Greece’s official fiscal adjustment programme and concludes that a substantial part of the projected revenue increases are unlikely to materialise and that the hard choices and unavoidable cuts have been postponed. In his view, it is not a credible instrument in the longer-run perspective, which is what is needed given that the required long-term adjustment is a reduction in the deficit worth over 10% of GDP. |
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| Source Link | Link to Main Source http://www.ceps.eu/book/greek-fiscal-adjustment-programme-evaluation |
| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, Greece |
