Eurozone governments’ post-crisis fiscal policies were ‘self-defeating’
Policies ended up being contractionary, IMF-organised conference hears
Governments of eurozone countries badly mishandled fiscal policy after the global financial crisis, economists told a conference held to mark the European single currency’s twentieth anniversary.
The “Euro at 20” conference is hosted in Dublin by the International Monetary Fund and the Central Bank of Ireland, and continued today (June 26).
The eurozone’s governments ran fiscal policies that actually damaged the chance of an economic recovery, argued Antonio Fatás, an economist at the Insead
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