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Austerity Alone Cannot Solve a Debt Crisis

Debt crisis, fiscal austerity and the financial fragility
and instability in the Greek economy

Debt crisis, fiscal austerity and the financial fragility and instability in the Greek economy

... Debt crisis, fiscal austerity and the financial fragility and instability in the Greek economy Georgios Argitis  and Maria Nikolaidi Abstract: Drawing on Minsky’s theoretical framework, we ...

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How Do Credit Rating Agencies Rate? An Implementation Perspective on the Assessment of Austerity Programs during the European Debt Crisis

How Do Credit Rating Agencies Rate? An Implementation Perspective on the Assessment of Austerity Programs during the European Debt Crisis

... European debt crisis, CRAs have been increasingly accused of triggering self-fulfilling prophecies through their severe downgrades, which let refinancing costs rise and a state’s ability to service its ...

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Public Service Austerity Broadcasts: Framing the Euro Debt Crisis

Public Service Austerity Broadcasts: Framing the Euro Debt Crisis

... Euro debt crisis directly contributes to the emerging Irish and international literature exploring journalistic narratives of recent economic and political ...the crisis and recovery imaginaries (and ...

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Trade-Off of Fiscal Austerity in the European Debt Crisis in Slovenia

Trade-Off of Fiscal Austerity in the European Debt Crisis in Slovenia

... economic crisis since 2007, many countries have to struggle with the problem of increasing government ...the crisis with already high public debt were affected but also some fiscally sound ones faced ...

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How to Solve Argentina's Debt Crisis: Will the IMF's Plan Work?

How to Solve Argentina's Debt Crisis: Will the IMF's Plan Work?

... The IMF proposed a "twin track approach" comprised of two parts that are to be simultaneously pursued: 1) a "contractual approach" involving the use o[r] ...

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Gutting Schools Won’t Solve Puerto Rico’s Debt Crisis

Gutting Schools Won’t Solve Puerto Rico’s Debt Crisis

... On Aug. 1, Puerto Rico defaulted on a bond payment, setting the stage for a protracted fiscal battle between the U.S. territory and its creditors. San Juan paid only $628,000 toward the $58 million on its Public Finance ...

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CAN SWAPS SOLVE THE DEBT CRISIS? LESSONS FROM THE CHILEAN EXPERIENCE

CAN SWAPS SOLVE THE DEBT CRISIS? LESSONS FROM THE CHILEAN EXPERIENCE

... Changes in capital-account restrictions during the late 1970s helped to precipitate the borrowing spree. In the early stages of the military government (1973-77), access by Chilean banks to external credit had been ...

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Austerity Futures: Debt, Temporality and (Hopeful) Pessimism as an Austerity Mood

Austerity Futures: Debt, Temporality and (Hopeful) Pessimism as an Austerity Mood

... the debt crisis as a national crisis, and moreover, a ‘Labour debt crisis’: the global financial crisis of 2008 is collapsed into the Labour government’s mismanagement ...

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The European sovereign debt crisis: a debt crisis and a sovereignty crisis

The European sovereign debt crisis: a debt crisis and a sovereignty crisis

... After the World War Ⅱ, as the kingdom came to an end . he widely spread ―the sovereignty of the ‗working people‘‖ had replaced the ―doctrine of the holy crown‖ in Hungary. And it stayed for decades. In 1989, a referendum ...

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Fiscal Policy in Crisis: Rethinking Austerity

Fiscal Policy in Crisis: Rethinking Austerity

... scal austerity and private investment - led growth are in best interests of the business community and explains the causes of capitalist’s opposition to a permanent full ...radical austerity strategy ...

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The Classical Debt: Greek Antiquity in an Era of Austerity

The Classical Debt: Greek Antiquity in an Era of Austerity

... sovereign debt crisis means they owe us … we will never repay the debt that we owe Greece’ ...things cannot remain the same … but we gave the world democracy, and we expect the European Union ...

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(When) does austerity work? On the conditional link between fiscal austerity and debt sustainability

(When) does austerity work? On the conditional link between fiscal austerity and debt sustainability

... Fiscal austerity in response to the Eurozone debt crisis has led to an unprecedented recession in parts of the Eurozone south, raising concerns – and a general consensus in public discourse – that ...

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Greece in crisis: austerity, populism and the politics of blame

Greece in crisis: austerity, populism and the politics of blame

... 2009-2011: austerity, populism and the politics of blame Introduction The global financial crisis that started in 2008 has significantly impacted on European ...sovereign debt crisis, and the ...

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The Brazilian debt crisis

The Brazilian debt crisis

... By April, however, it became apparent that this proposal would not be met as initially planned. The $6 billion trade was achieved but only because of a very strong recession that cut imports. Inflation, on the other ...

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Austerity Cannot Explain the Current UK Economic Growth

Austerity Cannot Explain the Current UK Economic Growth

... the austerity proponents as the right model for ...more debt to satisfy their consumption ...household debt at the back of rising house prices is the biggest thread to the UK economic ...household ...

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Risk Selection by Private Health Insurers: Why Regulation Alone Cannot Solve the Problem, by Timothy Stoltzfus Jost,

Risk Selection by Private Health Insurers: Why Regulation Alone Cannot Solve the Problem, by Timothy Stoltzfus Jost,

... Regulation Alone Cannot Solve the Problem Timothy Stoltzfus Jost One approach to health care reform that is currently receiving a great deal of attention would be to impose an individual mandate to ...

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Who will solve the  crisis in science?

Who will solve the crisis in science?

... The Great Endarkenment. Philosophy for an Age of Hyperspecialization By Elijah Millgram Describes a world in which all knowledge and products are the result of some form of extremely specialized expertise, and in which ...

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Effects of austerity measures taken in the present crisis the oxymoron of expansive austerity

Effects of austerity measures taken in the present crisis the oxymoron of expansive austerity

... He states that there are only a few scenarios where countries can cut their deficit during a slump, and those are when either the interest rates and/or their exchanges rates fall sharply. However, neither of these ...

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Energy poverty, crisis and austerity in Spain

Energy poverty, crisis and austerity in Spain

... relationship between energy poverty levels, unemployment rates and domestic energy prices in that context. In response to the first aim of the paper as stated in the introduction, we have found a sustained increase in ...

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The Financial Crisis in Portugal: Austerity in Perspective

The Financial Crisis in Portugal: Austerity in Perspective

... Looking beyond the negative short-term economic and social impacts of the program, in the long-run, the structural reforms will have a significant impact on improving Portugal’s competitiveness, macroeconomic imbalances, ...

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