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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

Greece’s Soft Budgets in Hard Times

07 March 2012

Greece’s Soft Budgets in Hard Times

According to CEPS Director Daniel Gros, the real problem in Greece is no longer the fiscal deficit, but a combination of deposit flight and continuing excessive consumption in the private sector, which for more than a decade now has been accustomed to spending much more than it earns


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Greece’s Soft Budgets in Hard Times
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