External versus Domestic Debt in the Euro Crisis
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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References listed on IDEAS
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- Gros, Daniel & Alcidi, Cinzia, 2011.
"Adjustment Difficulties and Debt Overhangs in the Eurozone Periphery,"
5525, Centre for European Policy Studies.
- Daniel Gros & Cianzia Alcidi, 2011. "Adjustment Difficulties and Debt Overhangs in the Eurozone Periphery," Working Papers LuissLab 1192, Dipartimento di Economia e Finanza, LUISS Guido Carli.
- De Grauwe, Paul, 2011. "Governance of a Fragile Eurozone," CEPS Papers 5523, Centre for European Policy Studies.
- Salvador Barrios & Per Iversen & Magdalena Lewandowska & Ralph Setzer, 2009. "Determinants of intra-euro area government bond spreads during the financial crisis," European Economy - Economic Papers 2008 - 2015 388, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission. Full references (including those not matched with items on IDEAS)