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External versus domestic debt in the Euro crisis. CEPS Policy Brief No. 243, May 2011

Gros, Daniel. (2011) External versus domestic debt in the Euro crisis. CEPS Policy Brief No. 243, May 2011. [Policy Paper]

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    Abstract

    As EU leaders muddle through the eurozone crisis, the debate about its root causes continues. CEPS Director Daniel Gros argues in this Policy Brief that the debate is important if we are to understand how to prevent future crises. In his view, external debt is the key to the turmoil in European economies and that the focus on total public debt is therefore misleading.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 29 May 2011 21:31
    Number of Pages: 6
    Last Modified: 29 May 2011 21:31
    URI: http://aei.pitt.edu/id/eprint/32005

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