EURO: Greece vs Bulgaria; proof that prudent fiscal policy is essential in good times.

LessThunk comment: Greece’s GDP per-capita is now back to where it was in 1999 after a 25% collapse since the beginning of the financial crisis. In contrast, Bulgaria now stands some 8 percentage points above the 2008 level and its income per-capita has doubled since 1999.



Categorised as: economy

Posted by: Phaedrus

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