Economics & Trade Policy Global Policy Studies & International Security Politics and Governance

A Prisoner’s Dilemma: Why Spain and Portugal Won’t Support Greece

The Eurocrisis forced Spain and Portugal, like Greece, to ask Europe for financial support. In return, by mandate from their creditors these countries implemented budget cuts and unpopular structural reforms. As a consequence of these austerity measures, one out of two young people in Spain and Greece is unemployed; in Portugal, this number is nearly […]

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