Has austerity failed in Europe?

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Series Details 16 August 2013
Publication Date 16/08/2013
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Abstract:

In this Commentary Daniel Gros argues that austerity has been unavoidably associated with a high cost in terms of a long recession and high unemployment. But the main aim was achieved as the peripheral euro area countries have now reached a sustainable external position.

Source Link http://aei.pitt.edu/43183/1/DG_Has_austerity_failed.pdf
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