Commentary
Uri Dadush
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Source: Getty
In The Media
EU Plan Must Be Backed Up by Budget Cuts
While the recently announced Eurozone support package suggests the possibility of a new era of fiscal coordination across Europe, it will only succeed if the countries in need of aid undertake far-reaching policy changes.
By Uri Dadush
Published on May 12, 2010
Source: Bloomberg
However, Dadush added, the package has not completely calmed markets, which fear that “these are unsound governments trying to support unsound governments.” In the end, the package will only work if Spain, Portugal, Italy, and Ireland—as well as Greece—undertake very far-reaching changes.
About the Author
Uri Dadush
Former Senior Associate, International Economics Program
Dadush was a senior associate at the Carnegie Endowment for International Peace. He focuses on trends in the global economy and is currently tracking developments in the eurozone crisis.
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Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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