Greek bailout: why it could work now

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Series Details September 2015
Publication Date 18/09/2015
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The two adjustment programmes that Greece accepted in 2010 and 2012 went off track for one main reason: the recession was much deeper than anticipated. The exceptional downturn of the Greek economy was attributable to two main reasons: the extraordinary fall in investment and the lack of export recovery.

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ISPI: Commentary: Greek bailout: why it could work now [PDf]
ESO: Background information: In Berlin's eyes: stability wanted

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