@misc{discovery10053745,
            note = {This version is the version of record. For information on re-use, please refer to the publisher's terms and conditions.},
       publisher = {Centre for Economic Policy Research (CEPR)},
            year = {2013},
           title = {Panic-driven austerity in the Eurozone and its implications},
           month = {February},
          author = {Ji, Y and Paul, DG},
             url = {https://voxeu.org/article/panic-driven-austerity-eurozone-and-its-implications},
        abstract = {Eurozone policy seems driven by market sentiment. This column argues that fear and panic led to excessive, and possibly self-defeating, austerity in the south while failing to induce offsetting stimulus in the north. The resulting deflation bias produced the double-dip recession and perhaps more dire consequences. As it becomes obvious that austerity produces unnecessary suffering, millions may seek liberation from 'euro shackles'.}
}