Avoiding the Debt Trap: Public Finances in Crisis and Recovery
01 February 2009
As a consequence of the most severe economic crisis in post-war European history, public debt is bound to reach record highs in many EU Member States. Obviously, such scenarios pose an imminent but also ongoing challenge to European policy-makers both at national and at EU levels. Thus paper assesses the extent, consequences and possible solutions to the current public debt crisis in Europe.
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