Greece, not again?

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But the place to start thinking about fiscal policy is not with the gory details, but with the state of the economy. The Office for Budget Responsibly (OBR) makes an estimate of the size of the so-called output gap, that is to say the amount of spare capacity that there is in the economy.

Greece is being forced into purgatory to save the euro - Telegraph

So these should be the factors that figure in the debate about the Greek predicament: what is the size of the output gap; what is the cyclically- adjusted budget position; and, given that growth is all important, how can Greece generate it?

Greece is being forced into purgatory to save the euro - Telegraph