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Greece illustrates the importance of staying within economic limits
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Greece illustrates the importance of staying within economic limits

London School of Economics and Political Science
09/01/2015

Abstract

HB Economic Theory JN Political institutions (Europe)
What lessons can Greece provide with a view to preventing future debt crises? Carol Osler writes that the Greek debt crisis illustrates the importance of staying within economic limits. She notes that while it is impossible to ensure countries will always be financially responsible, well-run societies should aim to protect citizens from the dangers associated with excess government debt.

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