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The ECB Blog

A European view on central banking and the economy

The ECB Blog offers new insights on the economy and central bank policies based on our data, analysis and research - for the euro area and beyond. Posts are authored by ECB staff and Executive Board members.

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3 December 2024

Greece, Ireland, Portugal and Cyprus: Crisis and Recovery

At the height of the financial crisis Greece, Ireland, Portugal and Cyprus needed help. The international assistance came under the condition of economic adjustment aiming to restore financial stability, debt sustainability and growth. How did the four countries recover from their crises?

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