| Author (Person) | de Grauwe, Paul |
|---|---|
| Publisher | Centre for European Policy Studies [CEPS] |
| Series Title | CEPS Commentary |
| Series Details | May 2010 |
| Publication Date | May 2010 |
| Content Type | Journal | Series | Blog |
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From Source URL click on 'Download the document (PDF) for FREE'. This Commentary warns that a self-defeating deflationary dynamics threatens to envelop the whole eurozone, in which the austerity being imposed by financial markets today makes recovery more difficult, thereby also making it harder to correct government deficits and debts. In the author’s view, this process can only be stopped by agreeing quickly on mutual financial support. Paul De Grauwe is Professor of Economics at the Faculty of Business Economics at the University of Leuven and Senior Associate Research Fellow at CEPS. |
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| Source Link | Link to Main Source http://www.ceps.eu/book/when-financial-markets-force-too-much-austerity |
| Subject Categories | Business and Industry, Internal Markets |
| Countries / Regions | Europe |
