Euro Crisis or Debt Crisis?

Marek Dabrowski

No 9, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: The public debt crisis is not limited to Greece or to the Euro area but includes several developed economies. Thus, suggesting that the Eurozone is undergoing a currency crisis or is in danger of disintegration is not the right diagnosis. However, if prudent fiscal policies, fiscal discipline and far-reaching structural reforms are not undertaken soon, both the EU and EMU may face serious internal tensions and obstacles to future economic growth.

Keywords: European Monetary Union; public debt crisis (search for similar items in EconPapers)
Pages: 4 Pages
Date: 2010-06
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sec:ebrief:1009

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