Publication
Jun 2009
There is widespread concern in the European Monetary Union (EMU) about the sustainability of public finances in a number of member states. In the wake of the financial crisis, their public debt has increased dramatically. Rating agencies have already downgraded some countries' credit ratings, and makers are reacting with higher risk premiums. This situation has reignited debate on the reform of the stability and growth pact.
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English (PDF, 8 pages, 81 KB) German (PDF, 8 pages, 86 KB) |
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Author | Sebastian Dullien, Daniela Schwarzer |
Series | SWP Comments |
Issue | 27 |
Publisher | Stiftung Wissenschaft und Politik (SWP) |
Copyright | © 2009 Stiftung Wissenschaft und Politik (SWP) |