The Fate of Greece in a ‘Genuine Economic and Monetary Union’: Lessons from a small island state. CEPS Hi-Level Brief, 19 June 2015 Friday, 19 June 2015

As the Greek debt drama reaches another supposedly decision point, Daniel Gros urges creditors (and indeed all policy-makers) to think about the long term and poses one key question in this CEPS High-Level Brief: What can be gained by keeping Greece inside the euro area at “whatever it takes”? As he points out, the US, with its unified politics and its federal fiscal transfer system, is often taken as a model for the Eurozone, and it is thus instructive to consider the longer-term performance of an area of the US which has for years been kept afloat by massive transfers, and which is now experiencing a public debt crisis. The entity in question is Puerto Rico, which is an integral part of the US in all relevant economic dimensions (currency, economic policy, etc.). The dismal fiscal and economic performance of Puerto Rico carries two lessons: 1) Keeping Greece in the eurozone by increasing implicit subsidies in the form of debt forgiveness might create a low-growth equilibrium with increasing aid dependency. 2) It is wrong to assume that, further integration, including a fiscal and political union, would be sufficient to foster convergence, and prevent further problems of the type the EU is experiencing with Greece.

Description and chemical composition of manganese nodules in a core located in the Nares Abyssal Plain, Atlantic Ocean

Three nodules from a core taken north of Puerto Rico are composed chiefly of an x-ray amorphous, hydrated, iron-manganese oxide, with secondary goethite, and minor detrital silicates incorporated during growth of the nodules. No primary manganese mineral is apparent. The nodules are enriched in iron and depleted in manganese relative to Atlantic Ocean averages. The formation of these nodules appears to have been contemporary with sedimentation and related to volcanic activity.

1977 economic censuses of outlying areas.

Includes earlier editions of some vols.

Memorandum.

Mode of access: Internet.

Luis Muñoz Rivera : discurso /

Mode of access: Internet.

En la arena /

"Datos biográficos de Francisco Gonzalo Marín (Pachín) (1863-1897), tomados del ʻBoletín Histórico de Puerto Rico'": pp.7-21.

Rosas blancas.

"Traducciones del inglés": p. [113]-154.

Trayectoria del pensamiento liberal puertorriqueño en el siglo XIX /

Includes bibliographical references.

Annual report.

Size varies.

Insumo producto; Input output.

Mode of access: Internet.

Program of on-the-job training facilities for veterans; list of approved establishments.

Mode of access: Internet.

Program of on-the-job training facilities for veterans; list of approved establishments

Mode of access: Internet.

Program of on-the-job training facilities for veterans; establishments eliminated from the lists of approved facilities.

Mode of access: Internet.

Informe de recursos humanos /

Description based on: 1971 1972 1973.

Estado de empleo de la población civil no institucional. Employment status of the civilian noninstitutional population.

Mode of access: Internet.