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.

Post-war problems of Guatemala /

"Prepared for Subcommittee V on Post-War Problems of the Inter-American Financial and Economic Advisory Committee."

Post-war problems of El Salvador /

"Confidential."

United States-Latin American relations: problems of Latin American economic development. A study...No. 6. Problems of Latin American economic development. Prepared at the request of the Subcommittee on American Republics affairs

Mode of access: Internet.

Catalogue of the type fossils in the Woodwardian Museum, Cambridge.

Mode of access: Internet.

The migratory farm labor problem in the United States : a report, together with individual views, to the Committee on Labor and Public Welfare, United States Senate, made by its Subcommittee on Migratory Labor, pursuant to S. Res. 267 (86th Cong., 2d sess.) a resolution authorizing a study of the problems of migratory labor.

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Costs and problems of completing the interstate highway system; report to the Congress.

Mode of access: Internet.

Principles and problems of naval leadership.

"Navpers 15924A."

World War II and the problems of the eighties : hearing before the Committee on Banking, Finance, and Urban Affairs, House of Representatives, Ninety-sixth Congress, second session, September 23, 1980.

Mode of access: Internet.