The General Government Debts of EU Countries - Development and Problems from 2007 to 2011

Veřejné dluhy zemí Evropské unie - vývoj a problémy v letech 2007 až 2011

Eva Karpová

Současná Evropa, 2013, vol. 2013, issue 1, 73-100

Abstract: Deep general government debts have become a long term problem of many EU countries. Up to now some improvements have been shown during boom cycles or in consequence of extra ordinary circumstances and claims - for example during the euro area accession process. However some really conceptual and systematic changes in fiscal policy of the most deep indebted EU countries have been missing. The balances of general government budgets and that is why general government debts have been reflecting this fact. During the crisis (from 2008 to 2011) the extreme deteriorating situation became so much warning that the attitudes to solving the mentioned problems have changed essentially. The article describes general government debts of EU countries and brings comments to this serious problem as well to its macroeconomic context up to 2011.

Keywords: European Union; Economic Crisis; General Government Debt; General Government Deficit/Surplus; Growth of Gross Domestic Product; Index of Consumer Prices; Unemployment; Evropská unie; hospodářská krize; veřejné dluhy; bilance veřejných rozpočtů; růst HDP; inflace; míra nezaměstnanosti (search for similar items in EconPapers)
Date: 2013
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