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Zeitschrift für Wirtschaftspolitik

Ed. by Donges, Juergen B. / Krause, Michael / Roth, Steffen J. / Watrin, Christian

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Volume 68, Issue 2

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Der Fiskalpakt: Schlüssel für dauerhaft solide Finanzen in der Eurozone?

Nicolas Afflatet
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  • Parlamentarischer Assistent im Europäischen Parlament, Brüssel Weidenauer Straße 187 57076 Siegen Deutschland Siegen, Deutschland
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Published Online: 2019-09-07 | DOI: https://doi.org/10.1515/zfwp-2019-2011

Abstract

The Fiscal Compact had seemed to be one of the lessons learned from the Euro crisis. It was supposed to ensure that member states follow more ambitious fiscal targets. First results however show that fiscal indicators have not substantially improved. Public debt is higher than at the beginning of the crisis and consolidation efforts were limited. The outook for European public debt and the stability of the Eurozone is thereby not promising.

Keywords: Fiscal Compact; Stability and Growth Pact; Public Debt; Deleveraging; Euro Crisis

Schlagwörter: Fiskalpakt; Stabilitäts- und Wachstumspakt; Staatsverschuldung; Austerität; urokrise

JEL Classification: H62 Deficit; Surplus; H63 Debt; Debt Management; Sovereign Debt

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About the article

Published Online: 2019-09-07

Published in Print: 2019-08-01


Citation Information: Zeitschrift für Wirtschaftspolitik, Volume 68, Issue 2, Pages 183–201, ISSN (Online) 2366-0317, ISSN (Print) 0721-3808, DOI: https://doi.org/10.1515/zfwp-2019-2011.

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