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The Evolution And Sustainability Of Public Debt In The E.U. Member States

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  • CORINA-FLORENTINA SCARLAT (MIHAI)

    (UNIVERSITY OF CRAIOVA, ROMANIA)

Abstract

The issue of public debt has returned to the fore with the rapid rise in the Covid-19 pandemic, but also with the recent rise in interest rates. Thus, questions arise about its sustainability and the need for fiscal consolidation. Therefore, in this article I will analyze the evolution of public debt in the European Union. In the new economic context, I will also focus on sustainability, given that public debt levels for many states are very high. These levels could create problems in terms of refinancing or even sustaining the current budget deficits. Thus, the idea of fiscal consolidation appears, this being the most probable topic of interest for the coming years at the level of the public agenda in the European Union.

Suggested Citation

  • Corina-Florentina Scarlat (Mihai), 2022. "The Evolution And Sustainability Of Public Debt In The E.U. Member States," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 115-127, June.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:3:p:115-127
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    1. Sebastian Gechert & Gustav Horn & Christoph Paetz, 2019. "Long‐term Effects of Fiscal Stimulus and Austerity in Europe," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 81(3), pages 647-666, June.
    2. Carnazza, Giovanni & Liberati, Paolo, 2021. "The asymmetric impact of the pandemic crisis on interest rates on public debt in the Eurozone," Journal of Policy Modeling, Elsevier, vol. 43(3), pages 521-542.
    3. Pierre-Olivier Gourinchas & Hélène Rey, 2019. "Global real rates: a secular approach," BIS Working Papers 793, Bank for International Settlements.
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