Taking the Medicine
Document type: Interview
As we enter phase two of a double-dip recession everyone is calling for measures to promote growth but governments have no money to do this, says Prof. Pedro Videla. The only way out for countries such as Greece and Spain is to bite the bullet, increase purchase tax, cut spending and create sustainable government expenditure, he says.
Bibliographic citation: IESE; IESE Insight, "Taking the Medicine"