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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

The end of fiscal waterboarding?

23 February 2015

The end of fiscal waterboarding?

In this Commentary, Daniel Gros argues that linking the primary surplus demanded of the new Greek government to the state of the economy is a sound approach. Some flexibility is warranted on this account, but the concept should be used to distribute the effort better over time, not to wriggle out of it.

Daniel Gros is Director of CEPS.

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The end of fiscal waterboarding?
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