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Public Debt Evolution in the Eurozone and the Need of Policy Coordination

Author

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  • Andrei HREBENCIUC

    (Bucharest Academy of Economic Studies)

Abstract

The Eurozone sustainability could become a real challenge in the current economical environment, characterized by uncertainty and lack of credibility. The issue of public debts represents a threat for the European financial system, while the coordination process of the economic policies at the Union's level is almost inexistent. The extremely high discrepancies between the budgetary balances of the member states makes the SGP or the strict fiscal rules become an utopia. The discretionary application and lack of credibility induced by SGP have worsened the perceptions on the economic system on European level, and the authorities' answer was not coherent enough, leaving room for interpretation by the Euro-skeptics.

Suggested Citation

  • Andrei HREBENCIUC, 2010. "Public Debt Evolution in the Eurozone and the Need of Policy Coordination," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 8(9(549)), pages 53-62, August.
    • Handle: RePEc:agr:journl:v:8(549):y:2010:i:8(549):p:53-62
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    Cited by:

    1. Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(1(610), S), pages 291-298, Spring.
    2. Maria Mirabela Florea Ianc & Loredana Ciurlău, 2016. "Advantages and Disadvantages Romania's Transition to the Euro," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 99-103, February.
    3. Andrei HREBENCIUC, 2017. "Banking Union framework and the stability of the European Banking sector," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(610), S), pages 291-298, Spring.

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