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Public debt dynamics, economic policy and social cohesion in Greece: a note

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Θεόδωρος Μαριόλης, Κώστας Παπουλής
Θεόδωρος Μαριόλης, Κώστας Παπουλής


This paper explores the dynamics of the
Greek public debt. It supports that, fi rst, 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, although
too little too late ‘remedy’.


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


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