... Facility Eurozone fiscal compact Greek problem IMF International Monetary Fund PSI private sector involvement Ecofin Economic and Financial Affairs Council Euro Plus Pact European Commission European Semester Ireland Portugal Six Pack Spain competitiveness devaluation EU European Union GDP...

... in the field domestic economic reform (particularly privatisations) were unrealistic. At the EU level, the launch of the Euro Plus Pact, failed to calm nerves in the financial markets. crisis debt GDP gross domestic product Greece haircut loans treaty bankruptcy credibility default bonds Ireland...