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EU-IMF assistance to euro area countries: an early assessment

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Author Info

  • Jean Pisani-Ferry
  • André Sapir
  • Guntram B. Wolff

Abstract

Read update 'The Troika and financial assistance in the euro area: successes and failures' (coming 19/02) Three years ago, in May 2010, Greece became the first euro-area country to receive financial assistance from the European Union and the International Monetary Fund in exchange for implementing an economic programme designed by the Troika of the European Commission, the European Central Bank and the IMF. Within a year, Ireland and Portugal went down the same path. This study provides an early evaluation of these assistance programmes implemented by the Troika in these three countries. The study assesses the economic impact of the programmes and the consequences of their particular institutional set-up.

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This book is provided by Bruegel in its series Blueprints with number 779 and published in .

Handle: RePEc:bre:bluprt:779

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Cited by:
  1. Athanassios Petralias & Sotirios Petros & Pródromos Prodromídis, 2013. "Greece in recession: economic predictions, mispredictions and policy implications," LSE Research Online Documents on Economics 52626, London School of Economics and Political Science, LSE Library.
  2. Fritz Breuss, 2013. "The Leverage of the Small Ones in the EU," WIFO Working Papers 452, WIFO.
  3. Gros, Daniel & Alcidi, Cinzia & Belke, Ansgar & Coutinho, Leonor & Giovannini, Alessandro, 2014. "Implementation of the Macroeconomic Adjustment Programmes in the Euro Area: State-of-Play," CEPS Papers 9017, Centre for European Policy Studies.

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