{"id":12038,"date":"2013-10-24T16:46:26","date_gmt":"2013-10-24T14:46:26","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=12038"},"modified":"2013-10-24T17:47:41","modified_gmt":"2013-10-24T15:47:41","slug":"greece-made-largest-fiscal-adjustment-says-eu-paper-published-by-mistake","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/greece-made-largest-fiscal-adjustment-says-eu-paper-published-by-mistake\/","title":{"rendered":"Greece Made Largest Fiscal Adjustment, says EU Paper Published &#8216;by mistake&#8217;"},"content":{"rendered":"<p class=\"MsoNormal\"><!--[if gte mso 9]><xml>\n<w:WordDocument>\n<w:View>Normal<\/w:View>\n<w:Zoom>0<\/w:Zoom>\n<w:HyphenationZone>21<\/w:HyphenationZone>\n<w:PunctuationKerning\/>\n<w:ValidateAgainstSchemas\/>\n<w:SaveIfXMLInvalid>false<\/w:SaveIfXMLInvalid>\n<w:IgnoreMixedContent>false<\/w:IgnoreMixedContent>\n<w:AlwaysShowPlaceholderText>false<\/w:AlwaysShowPlaceholderText>\n<w:Compatibility>\n<w:BreakWrappedTables\/>\n<w:SnapToGridInCell\/>\n<w:WrapTextWithPunct\/>\n<w:UseAsianBreakRules\/>\n<w:DontGrowAutofit\/>\n<\/w:Compatibility>\n<w:BrowserLevel>MicrosoftInternetExplorer4<\/w:BrowserLevel>\n<\/w:WordDocument>\n<\/xml><![endif]--> <b><span lang=\"EN-GB\" style=\"color: black; mso-ansi-language: EN-GB;\">Greece made largest fiscal adjustment, says EU paper published &#8216;by mistake&#8217;.<\/span><\/b><\/p>\n<p><span lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\">Brussels<\/span><span lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\"> &#8211; Greece performed the largest fiscal adjustment in the eurozone between 2011 and 2013, according to a research paper by the European Commission\u2019s Directorate-General for Economic and Financial Affairs, which was apparently published by mistake on Monday. <a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Greece-made-largest-fiscal-adjustment-says-EU-paper-published-by-mistake-.pdf\" target=\"_blank\">Greece made largest fiscal adjustment, says EU paper published by mistake<\/a><\/span><\/p>\n<p><!--[if gte mso 9]><xml>\n<w:WordDocument>\n<w:View>Normal<\/w:View>\n<w:Zoom>0<\/w:Zoom>\n<w:HyphenationZone>21<\/w:HyphenationZone>\n<w:PunctuationKerning\/>\n<w:ValidateAgainstSchemas\/>\n<w:SaveIfXMLInvalid>false<\/w:SaveIfXMLInvalid>\n<w:IgnoreMixedContent>false<\/w:IgnoreMixedContent>\n<w:AlwaysShowPlaceholderText>false<\/w:AlwaysShowPlaceholderText>\n<w:Compatibility>\n<w:BreakWrappedTables\/>\n<w:SnapToGridInCell\/>\n<w:WrapTextWithPunct\/>\n<w:UseAsianBreakRules\/>\n<w:DontGrowAutofit\/>\n<\/w:Compatibility>\n<w:BrowserLevel>MicrosoftInternetExplorer4<\/w:BrowserLevel>\n<\/w:WordDocument>\n<\/xml><![endif]--><\/p>\n<p><!--[if gte mso 9]><xml>\n<w:LatentStyles DefLockedState=\"false\" LatentStyleCount=\"156\">\n<\/w:LatentStyles>\n<\/xml><![endif]--><!--[if !mso]><object classid=\"clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D\" id=ieooui><\/object>\n\n\n\n<style>\nst1\\:*{behavior:url(#ieooui) }\n<\/style>\n\n<![endif]--><!--[if gte mso 10]>\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Normale Tabelle\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\n\tmso-para-margin:0in;\n\tmso-para-margin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:10.0pt;\n\tfont-family:\"Times New Roman\";\n\tmso-ansi-language:#0400;\n\tmso-fareast-language:#0400;\n\tmso-bidi-language:#0400;}\n<\/style>\n\n<![endif]--><\/p>\n<p class=\"MsoNormal\"><span lang=\"EN-GB\" style=\"mso-ansi-language: EN-GB;\">A simple comparison between the US approach and the EU approach to economic recovery is ample proof that Keynes was correct in his assessment of macroeconomic processes relative to managing economies of scale in a globally connected market. Austerity moves inflicted unnecessary harm on economies and peoples. When consumers loose faith in markets and markets contract soverigns are the only source of liquidity left. Governments must prime the pumps of the economy, albeit in a deliberate thought out way, in order to jump-start the economic engines.<br \/>\n<\/span><br \/>\n<a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Fiscal-Consolidation-Paper.pdf\" target=\"_blank\">Fiscal-Consolidation-Paper<\/a><\/p>\n<p class=\"MsoNormal\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-12042 aligncenter\" alt=\"Fiscal consolidations and spillovers in the euro area periphery and core\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Fiscal-consolidations-and-spillovers-in-the-euro-area-periphery-and-core.jpg\" width=\"534\" height=\"402\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Fiscal-consolidations-and-spillovers-in-the-euro-area-periphery-and-core.jpg 534w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Fiscal-consolidations-and-spillovers-in-the-euro-area-periphery-and-core-300x225.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/10\/Fiscal-consolidations-and-spillovers-in-the-euro-area-periphery-and-core-398x300.jpg 398w\" sizes=\"auto, (max-width: 534px) 100vw, 534px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><!--[if gte mso 9]><xml>\n<w:LatentStyles DefLockedState=\"false\" LatentStyleCount=\"156\">\n<\/w:LatentStyles>\n<\/xml><![endif]--><!--[if !mso]><object classid=\"clsid:38481807-CA0E-42D2-BF39-B33AF135CC4D\" id=ieooui><\/object>\n\n\n\n<style>\nst1\\:*{behavior:url(#ieooui) }\n<\/style>\n\n<![endif]--><!--[if gte mso 10]>\n\n\n\n<style>\n \/* Style Definitions *\/\n table.MsoNormalTable\n\t{mso-style-name:\"Normale Tabelle\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\n\tmso-para-margin:0in;\n\tmso-para-margin-bottom:.0001pt;\n\tmso-pagination:widow-orphan;\n\tfont-size:10.0pt;\n\tfont-family:\"Times New Roman\";\n\tmso-ansi-language:#0400;\n\tmso-fareast-language:#0400;\n\tmso-bidi-language:#0400;}\n<\/style>\n\n<![endif]--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greece made largest fiscal adjustment, says EU paper published &#8216;by mistake&#8217;. Brussels &#8211; Greece performed the largest fiscal adjustment in the eurozone between 2011 and 2013, according to a research paper by the European Commission\u2019s Directorate-General for Economic and Financial &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/greece-made-largest-fiscal-adjustment-says-eu-paper-published-by-mistake\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-12038","post","type-post","status-publish","format-standard","hentry","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Greece made largest fiscal adjustment, says EU paper published &#039;by mistake&#039;. 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Brussels - Greece performed the largest fiscal adjustment in the eurozone between 2011 and 2013, according to a research paper by the European Commission\u2019s Directorate-General for Economic and Financial Affairs, which was apparently published by mistake on Monday. 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Brussels - Greece performed the largest fiscal adjustment in the eurozone between 2011 and 2013, according to a research paper by the European Commission\u2019s Directorate-General for Economic and Financial Affairs, which was apparently published by mistake on Monday. Greece made largest fiscal adjustment, says","og:url":"https:\/\/www.w-t-w.org\/en\/greece-made-largest-fiscal-adjustment-says-eu-paper-published-by-mistake\/","article:published_time":"2013-10-24T14:46:26+00:00","article:modified_time":"2013-10-24T15:47:41+00:00","twitter:card":"summary_large_image","twitter:title":"Greece Made Largest Fiscal Adjustment, says EU Paper Published \u2018by mistake\u2019 - W-T-W.org","twitter:description":"Greece made largest fiscal adjustment, says EU paper published 'by mistake'. Brussels - Greece performed the largest fiscal adjustment in the eurozone between 2011 and 2013, according to a research paper by the European Commission\u2019s Directorate-General for Economic and Financial Affairs, which was apparently published by mistake on Monday. 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