Chapter 3: Austerity: Hurting but Helping

Giuseppe Bertola, Edward Driffill (), Harold James, Hans-Werner Sinn, Jan-Egbert Sturm and Akos Valentinyi ()

EEAG Report on the European Economy, 2014, 75-90

Abstract: Chapter 3 analyses the much debated issue of austerity and highlights that fiscal discipline is not only needed to ensure the long-term sustainability of public debt, but also for external rebalancing, which is vital to the long-term sustainability of the euro. Finally,

Date: 2014
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