EU Fiscal Consolidation (Barrios, Langedjik & Pench)

“EU fiscal consolidation after the financial crisis: Lessons from past experiences” by Salvador Barrios, Sven Langedijk and Lucio R Pench.The column “examines financial crises in EU and OECD countries from 1970 to 2008 and finds that countries facing high debt levels or those at risk of low GDP growth would be better off with quick, “cold-shower” fiscal consolidations”. See: