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

Author

Listed:
  • 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.

Suggested Citation

  • Jean Pisani-Ferry & André Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries: an early assessment," Blueprints, Bruegel, number 779.
  • Handle: RePEc:bre:bluprt:779
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    References listed on IDEAS

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    Cited by:

    1. repec:nbb:ecrart:y:2017:m:september:i:ii:p:87-112 is not listed on IDEAS
    2. 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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    4. repec:taf:rripxx:v:23:y:2016:i:5:p:799-824 is not listed on IDEAS
    5. Elena Bobeica & Paulo Soares Esteves & António Rua & Karsten Staehr, 2016. "Exports and domestic demand pressure: a dynamic panel data model for the euro area countries," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 152(1), pages 107-125, February.
    6. Fritz Breuss, 2013. "The Leverage of the Small Ones in the EU," WIFO Working Papers 452, WIFO.
    7. Theodoros S. Papaspyrou, 2015. "EMU 2.0 Drawing Lessons From the Crisis - a New Framework For Stability and Growth," Working Papers 192, Bank of Greece.
    8. Athanassios Petralias & Sotirios Petros & Pródromos Prodromídis, 2013. "Greece in Recession: Economic predictions, mispredictions and policy implications," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 75, Hellenic Observatory, LSE.
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    11. Dermot Hodson, 2015. "The IMF as a de facto institution of the EU: A multiple supervisor approach," Review of International Political Economy, Taylor & Francis Journals, vol. 22(3), pages 570-598, June.
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    14. Marta Gómez-Puig & Simón Sosvilla-Rivero & Manish K. Singh, 2015. "“Sovereigns and banks in the euro area: a tale of two crises”," IREA Working Papers 201504, University of Barcelona, Research Institute of Applied Economics, revised Jan 2015.
    15. Eichengreen, Barry & Jung, Naeun & Moch, Stephen & Mody, Ashoka, 2014. "The Eurozone Crisis: Phoenix Miracle or Lost Decade?," Journal of Macroeconomics, Elsevier, vol. 39(PB), pages 288-308.
    16. Niels Thygesen, 2013. "Global and European Monetary Arrangements: from Bretton Woods to EMU," SUERF 50th Anniversary Volume Chapters, SUERF - The European Money and Finance Forum.
    17. David M. Woodruff, 2014. "Governing by Panic: The Politics of the Eurozone Crisis," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 1, London School of Economics / European Institute.
    18. repec:taf:intecj:v:30:y:2016:i:3:p:409-428 is not listed on IDEAS
    19. Ansgar Belke & Daniel Gros & Alcidi Cinzia & Leonor Coutinho & Alessandro Giovannini, 2014. "Exit State-of-play in Implementing Macroeconomic Adjustment Programmes in the Euro Area," ROME Working Papers 201405, ROME Network.
    20. Isobel Anderson & Evelyn Dyb & Joe Finnerty, 2016. "The 'Arc of Prosperity' Revisited: Homelessness Policy Change in North Western Europe," Social Inclusion, Cogitatio Press, vol. 4(4), pages 108-124.
    21. David M. Woodruff, 2014. "Governing by Panic: The Politics of the Eurozone Crisis," LEQS – LSE 'Europe in Question' Discussion Paper Series 81, European Institute, LSE.
    22. Cui, Wei, 2017. "Macroeconomic effects of delayed capital liquidation," LSE Research Online Documents on Economics 86156, London School of Economics and Political Science, LSE Library.

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