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Δυναμική Του Δημοσίου Χρέους, Οικονομική Πολιτική Και Κοινωνική Συνοχή Στην Ελλάδα: Μία Σημείωση
[Public debt dynamics, economic policy and social cohesion in Greece: a note]

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Author Info

  • Mariolis, Theodore
  • Papoulis, Κostas

Abstract

This paper explores the dynamics of the Greek public debt. It supports that, first, the public debt is unsustainable and, second, the reduction in government expenditures and the cut in unit labour costs in the private sector seems to be the only available, al-though too little too late ‘remedy’.

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File URL: http://mpra.ub.uni-muenchen.de/28551/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 28551.

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Date of creation: Dec 2010
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Publication status: Published in Κοινωνική Συνοχή και Ανάπτυξη/Social Cohesion and Development 1.5(2010): pp. 27-40
Handle: RePEc:pra:mprapa:28551

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Keywords: Debt dynamics; economic policy; EMU; international competitiveness; social cohesion;

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  1. Mariolis, Theodore, 2006. "Distribution and Growth in a Multi-Sector Open Economy with Excess Capacity," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 59(1), pages 51-61.
  2. Mariolis, Theodore & Soklis, George & Groza, Heleni, 2010. "An Input-Output Approach to the Estimation of the Maximum Attainable Economic Dependency Ratio in four European Economies," MPRA Paper 22661, University Library of Munich, Germany.
  3. You, Jong-Il & Dutt, Amitava Krishna, 1996. "Government Debt, Income Distribution and Growth," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 20(3), pages 335-51, May.
  4. Yilmaz Akyüz, 2007. "Debt Sustainability in Emerging Markets: A Critical Appraisal," Working Papers, United Nations, Department of Economics and Social Affairs 61, United Nations, Department of Economics and Social Affairs.
  5. Harck, Soren, 2000. "On the Sustainability Area as a Simplifying Didactic Device," Cambridge Journal of Economics, Oxford University Press, Oxford University Press, vol. 24(4), pages 505-09, July.
  6. Michel Aglietta & Merih Uctum, 1996. "Europe and the Maastricht challenge," Research Paper, Federal Reserve Bank of New York 9616, Federal Reserve Bank of New York.
  7. Matteo Formenti, 2008. "Indicators and Tests of Sustainability: The Italian Case," Rivista di Politica Economica, SIPI Spa, SIPI Spa, vol. 98(6), pages 123-160, November-.
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