IDEAS home Printed from https://ideas.repec.org/p/zbw/svrwwp/042015.html

Analyse der Schuldentragfähigkeit Griechenlands

Author

Listed:
  • Scheuering, Uwe

Abstract

Die Tragfähigkeit der öffentlichen Schulden Griechenlands steht auf der Kippe. Daher fordert unter anderem der IWF einen Schuldenschnitt für öffentliche Gläubiger („Official Sector Involvement, OSI“). Der hohe Schuldenstand bewirkt eine besondere Schuldendynamik in Abhängigkeit des Zins-Wachstums-Quotienten, der bei ungünstiger Entwicklung nur durch sehr hohe Primärüberschüsse aufgefangen werden kann. Dank langer Laufzeiten und niedriger Zinsen der Hilfskredite wird diese Dynamik allerdings erst nach 2030 wirksam, wenn ein hoher Anteil der Schulden wieder über private Kreditmärkte refinanziert wird. Daher ist die Notwendigkeit eines Schuldenschnitts zum heutigen Zeitpunkt unklar.

Suggested Citation

  • Scheuering, Uwe, 2015. "Analyse der Schuldentragfähigkeit Griechenlands," Working Papers 04/2015, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    • Handle: RePEc:zbw:svrwwp:042015
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/124164/1/842119086.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Olivier Jean Blanchard, 1990. "Suggestions for a New Set of Fiscal Indicators," OECD Economics Department Working Papers 79, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bofinger, Peter & Schnabel, Isabel & Feld, Lars P. & Schmidt, Christoph M. & Wieland, Volker, 2015. "Zukunftsfähigkeit in den Mittelpunkt. Jahresgutachten 2015/16 [Focus on Future Viability. Annual Report 2015/16]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201516.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nizar, Muhammad Afdi, 2010. "Penentuan Efek Dan Arah Kebijakan Fiskal Pemerintah Indonesia: Fiscal Impulse Measure [Fiscal Policy Stance in Indonesia : Fiscal Impluse Measure]," MPRA Paper 65603, University Library of Munich, Germany.
    2. World Bank, 2005. "Dominica : OECS Fiscal Issues, Policies to Achieve Fiscal Sustainability and Improve Efficiency and Equity of Public Expenditures," World Bank Publications - Reports 8681, The World Bank Group.
    3. Lankester-Campos, Valerie & Loaiza-Marín, Kerry & Monge-Badilla, Carlos, 2020. "Assessing public debt sustainability for Costa Rica using the fiscal reaction function," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 1(1).
    4. Sanhita SUCHARITA, 2014. "Debt Sustainability Of India," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 6(6), pages 208-224, December.
    5. Francesco Mongelli, 1999. "The Effects of the European Economic and Monetary Union (EMU) on National Fiscal Sustainability," Open Economies Review, Springer, vol. 10(1), pages 31-61, February.
    6. Polito, Vito & Wickens, Mike, 2014. "Modelling the U.S. sovereign credit rating," Journal of Banking & Finance, Elsevier, vol. 46(C), pages 202-218.
    7. repec:rnp:ppaper:2309 is not listed on IDEAS
    8. Eduardo Levy Yeyati & Federico Sturzenegger, 2023. "A balance‐sheet approach to fiscal sustainability," Fiscal Studies, John Wiley & Sons, vol. 44(1), pages 61-84, March.
    9. Philipp Heimberger, 2025. "Fiscal consolidation and its growth effects in euro area countries: past, present and future outlook," Review of Evolutionary Political Economy, Springer, vol. 6(3), pages 589-617, December.
    10. Carlos Díaz Alvarado & Alejandro Izquierdo & Ugo Panizza, 2004. "Fiscal Sustainability in Emerging Market Countries with an Application to Ecuador," Research Department Publications 4371, Inter-American Development Bank, Research Department.
    11. Asmaa Ezzat & Manal Emira, 2025. "Do institutions matter in the fiscal reaction function? The case of Egypt," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-15, December.
    12. Giorgio Liotti & Marco Musella & Ferdinando Ofria, 2025. "Do austerity policies reduce public debt? An analysis on twelve Eurozone countries," Economics of Governance, Springer, vol. 26(2), pages 139-162, June.
    13. Philipp Heimberger & Anna Matzner, 2026. "Macroeconomic and distributional effects of fiscal consolidation measures in EU countries," wiiw Working Papers 270, The Vienna Institute for International Economic Studies, wiiw.
    14. Deborah Mabbett & Waltraud Schelkle, 2014. "Searching under the lamp-post: the evolution of fiscal surveillance," Europe in Question Discussion Paper Series of the London School of Economics (LEQs) 5, London School of Economics / European Institute.
    15. W.H. Buiter & U Patel, 1995. "Budgetary Aspects of Stabilization and Strucutral Adjustment in India: The Painful Road to a Sustainable Fiscal-Financial-Monetary Plan," CEP Discussion Papers dp0247, Centre for Economic Performance, LSE.
    16. Catherine Bruno & Olivier de Bandt, 1999. "Fiscal Policy in the Transition to Monetary Union: a Structural VAR Model," Working papers 60, Banque de France.
    17. Manoel Carlos de Castro Pires, 2006. "Uma Análise de Credibilidade na Política Fiscal Brasileira," Discussion Papers 1222, Instituto de Pesquisa Econômica Aplicada - IPEA.
    18. Moulaye Bamba & Jean-Louis Combes & Alexandru Minea, 2020. "The effects of fiscal consolidations on the composition of government spending," Applied Economics, Taylor & Francis Journals, vol. 52(14), pages 1517-1532, March.
    19. Balbir Kaur & Atri Mukherjee & Anand Prakash Ekka, 2018. "Debt sustainability of states in India: An assessment," Indian Economic Review, Springer, vol. 53(1), pages 93-129, December.
    20. Werding, Martin, 2011. "Demographie und öffentliche Haushalte: Simulationen zur langfristigen Tragfähigkeit der gesamtstaatlichen Finanzpolitik in Deutschland," Working Papers 03/2011, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung.
    21. Martin Werding & Klaus Gründler & Benjamin Läpple & Robert Lehmann & Martin Mosler & Niklas Potrafke, 2020. "Tragfähigkeit der öffentlichen Finanzen: Spielt sie noch eine Rolle?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 73(09), pages 53-58, September.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:svrwwp:042015. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/svrgvde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.