Research Article
Playing with Fire: Internal Devaluation for the GIPSI Countries
Table 1
Public debt barometer for several countries in 2012.
| | PSR 2011 | (1) PSR 2012(f) | (2) | (1) − (2) |
| Germany | 1.6 | 1.0 | −0.2 | 1.2 | Italy | 1.0 | 3.0 | 4.5 | −1.5 | France | −2.6 | −2.2 | 0.5 | −2.7 | U.S.A. | −7.3 | −6.1 | −1.9 | −4.2 | United Kingdom | −5.0 | −5.3 | −1.0 | −4.3 | Spain | −6.1 | −3.6 | 3.9 | −7.5 | Japan | −9.1 | −8.9 | −1.3 | −7.6 | Ireland | −6.7 | −4.4 | 5.1 | −9.5 | Portugal | −0.4 | 0.1 | 9.9 | −9.8 | Greece | −2.2 | −1.0 | 41.4 | −42.4 |
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Source: Antelo and Peón [8].
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