{"id":19800,"date":"2014-09-19T21:56:17","date_gmt":"2014-09-19T19:56:17","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=19800"},"modified":"2014-09-20T06:18:01","modified_gmt":"2014-09-20T04:18:01","slug":"19800","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/19800\/","title":{"rendered":"Europe: Structural Reforms in Exchange for Short-Term Fiscal Constraints"},"content":{"rendered":"

Michael Spence writes:\u00a0 In a post-crisis environment of aggressive and unconventional monetary policy in other advanced countries, the ECB\u2019s less aggressive policies (owing to its more restrictive mandate) have resulted in an exchange rate that has damaged competitiveness and the growth potential of many eurozone economies\u2019 tradable sectors. European Tradae-Off- Structural Reforms for Short Term Loosening of Fiscal Constraints<\/strong><\/a><\/p>\n

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Michael Spence writes:\u00a0 In a post-crisis environment of aggressive and unconventional monetary policy in other advanced countries, the ECB\u2019s less aggressive policies (owing to its more restrictive mandate) have resulted in an exchange rate that has damaged competitiveness and the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[70,13],"tags":[],"class_list":["post-19800","post","type-post","status-publish","format-standard","hentry","category-big-banks","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t