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

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Published: Apr 13, 2016
DOI: https://doi.org/10.12681/scad.8921
Keywords:
Debt dynamics economic policy EMU international competitiveness social cohesion
Θεόδωρος Μαριόλης
Panteion University
Κώστας Παπουλής
Abstract

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’.

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