Dead Economic Dogmas Trump Recovery: The Continuing Crisis in the Eurozone Periphery

C. J. Polychroniou

Economics Public Policy Brief Archive from Levy Economics Institute

Abstract: The "happy talk" emanating from eurozone officials regarding the economic crises in the periphery deserves some vigorous pushback. Focusing on the four bailed-out countries of Greece, Ireland, Portugal, and Spain, Research Associate and Policy Fellow C. J. Polychroniou argues in this policy brief that, contrary to the burgeoning optimism in official communications, these countries' economies are still not on track for vigorous, sustainable recoveries in growth and employment--and that there is nothing surprising in this result.

Date: 2014-05
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