Fiscal Consolidation in the EU's New Member States

Daniel Daianu

No 2, CASE Network E-briefs from CASE-Center for Social and Economic Research

Abstract: During the financial crisis, new EU Member States have experienced large current account deficits as a result of the freezing of financial markets. Persistently high structural debts can threaten long-term economic growth, but fiscal consolidation has to be achieved without a jump in interest rates.

Keywords: Central and Eastern Europe; financial crisis; fiscal consolidation (search for similar items in EconPapers)
Pages: 3 Pages
Date: 2011-01
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Persistent link: https://EconPapers.repec.org/RePEc:sec:ebrief:1102

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