SOVEREIGN DEBT CRISIS OF THE EUROZONE COUNTRIES

Slawomir Miklaszewicz ()
Additional contact information
Slawomir Miklaszewicz: Warsaw School of Economics

Oeconomia Copernicana, 2016, vol. 7, issue 3, 357-373

Abstract: The aim of the publication is to examine the fiscal position of the euro area countries and fiscal policy architecture in Europe after the outbreak of the financial and economic crisis started in 2008. The first part of the publication consists of the analyses of the budgetary situation of euro area countries and complications with the increasing costs of servicing the public debt in the European market affected by the financial liquidity crisis. In the second section the most important changes in the framework of budgetary policies coordination process in the euro zone are presented. The final section describes the role and activities of the European Central Bank in minimising the negative consequences of the debt crisis in the euro zone.

Keywords: sovereign debt; crisis of the euro area; EMU monetary policy; European semester; fiscal pact; European stability mechanism (search for similar items in EconPapers)
JEL-codes: F36 F43 H63 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://dx.doi.org/10.12775/OeC.2016.021 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pes:ieroec:v:7:y:2016:i:3:p:357-373

Access Statistics for this article

Oeconomia Copernicana is currently edited by Adam P. Balcerzak and Michal Moszynski

More articles in Oeconomia Copernicana from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ( this e-mail address is bad, please contact ).