THE IMPACT OF THE PUBLIC DEBT ON THE EUROPEAN UNION MEMBER COUNTRIES

Gheorghe Matei and Luiza Apostol
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Gheorghe Matei: University of Craiova Faculty of Economics and Business Administration
Luiza Apostol: University of Pitesti Faculty of Economics

Annals of University of Craiova - Economic Sciences Series, 2014, vol. 1, issue 42, 81-88

Abstract: Developed countries are faced with significant risks based on the problem of the increasing public debt. The most recent assessments bring to the forefront clear perspectives regarding the expansion of the period of economic uncertainty until 2020, which is why certain countries, especially those in the Euro area, were forced to resort to a number of austerity measures. However, it is unlikely that the countries in distress will easily restore, only by austerity, manageable public debt levels, especially under the current population aging conditions. This paper comprises an analysis of the countries in the Euro zone that were the most affected by the economic and financial crisis from 2008-2010. Besides these countries I also made an analysis of the Romanian government debt.

Keywords: public debt; debt crisis; economic recession (search for similar items in EconPapers)
JEL-codes: G01 H63 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2014:i:42:p:81-88

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