TY  - UNPD
A1  - Haliassos, Michael
T1  - The fiscal crisis as a crisis in trust
T2  - SAFE policy letter series ; 25
N2  - Neither Northerners are willing to invest in a South they perceive as unwilling to undertake necessary structural reforms, nor are Southerners willing to invest in their countries in a climate of austerity and policy uncertainty imposed, in their view, by the North. This results in a vicious cycle of mistrust. However, as the author argues, big steps in the direction of reforms may provide just enough thrust to break out of this vicious cycle, propel southern countries – and especially Greece – to a much happier future, and promote the chances for more balanced economic performance in North and South.
T3  - SAFE policy letter - 25 
KW  - fiscal crisis
KW  - household liquidity
KW  - economic reforms
KW  - Greece
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/34099
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-340998
EP  - 12
PB  - SAFE
CY  - Frankfurt am Main
ER  -