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The General Government Balances of EU Countries - Development and Problems during the Crisis Period from 2007 to 2010
[Veřejné rozpočty zemí Evropské unie - vývoj a problémy v krizovém období let 2007 až 2010]

Author

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  • Eva Karpová

Abstract

The long term troubles with general government deficits of many EU countries have been culminating in 2009 when the usual causes of internal economic deficit balances were meeting the deep economic recession. The improving of general government balances became extremely urgent as well as difficult under the mentioned conditions. From 2010 the governments of most EU countries have started to realize fiscal reforms which should bring essential effects in three or four year horizon. It is possible to say that EU institutions are involved and helpful in the mentioned process although the fiscal policy is not a common policy yet of course. However the improvement of general government balances seems to be a very difficult problem from a theoretical as well from the practical point of view.

Suggested Citation

  • Eva Karpová, 2012. "The General Government Balances of EU Countries - Development and Problems during the Crisis Period from 2007 to 2010 [Veřejné rozpočty zemí Evropské unie - vývoj a problémy v krizovém období let 2," Současná Evropa, Prague University of Economics and Business, vol. 2012(1), pages 73-97.
    • Handle: RePEc:prg:jnlsev:v:2012:y:2012:i:1:id:14:p:73-97
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