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The Impact Of The Public Debt On The European Union Member Countries

Author

Listed:
  • Gheorghe MATEI

    (University of Craiova Faculty of Economics and Business Administration)

  • Luiza APOSTOL

    (University of Pitesti Faculty of Economics)

Abstract

Developed countries are faced with significant risks based on the problem of the increasing public debt. The most recent assessments bring to the forefront clear perspectives regarding the expansion of the period of economic uncertainty until 2020, which is why certain countries, especially those in the Euro area, were forced to resort to a number of austerity measures. However, it is unlikely that the countries in distress will easily restore, only by austerity, manageable public debt levels, especially under the current population aging conditions. This paper comprises an analysis of the countries in the Euro zone that were the most affected by the economic and financial crisis from 2008-2010. Besides these countries I also made an analysis of the Romanian government debt.

Suggested Citation

  • Gheorghe MATEI & Luiza APOSTOL, 2014. "The Impact Of The Public Debt On The European Union Member Countries," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(42), pages 81-88.
    • Handle: RePEc:aio:aucsse:v:1:y:2014:i:42:p:81-88
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    File URL: http://feaa.ucv.ro/AUCSSE/0042v1-011.pdf
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    References listed on IDEAS

    as
    1. Desmond Lachman, 2013. "Lessons from Europe's Debt Crisis for the United States," Cato Journal, Cato Journal, Cato Institute, vol. 33(2), pages 233-243, Spring/Su.
    2. Desmond Lachman, 2012. "Lessons from the euro crisis for the United States," AEI Economic Perspectives, American Enterprise Institute, November.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    public debt; debt crisis; economic recession;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • G01 - Financial Economics - - General - - - Financial Crises

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