The Fiscal Crisis is a Crisis in Trust

The sources of the fiscal crisis have been different, but the prescribed measures amount to two: achieve budget surpluses to start reducing the size of the debt, and undertake the necessary reforms to create or boost the productive base, so as to make repayment of the debt possible and compatible with acceptable living standards. If we manage to hit only the first bird, the other may well fly away.    Read More…

This is a talk delivered at the Megaron Plus event on Unemployment and Growth, which was organized by Lucas Papademos and took place in Athens on May 12, 2014.

About M_Haliassos

Goethe University Frankfurt

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