No. 243. External versus Domestic Debt in the Euro Crisis Cover Image

No. 243. External versus Domestic Debt in the Euro Crisis
No. 243. External versus Domestic Debt in the Euro Crisis

Author(s): Daniel Gros
Subject(s): Economic policy, Government/Political systems, EU-Accession / EU-DEvelopment, Financial Markets
Published by: CEPS Centre for European Policy Studies
Keywords: External versus Domestic Debt; Euro crisis; EU economy; Monetary Union; IMF;
Summary/Abstract: As EU leaders muddle through the eurozone crisis, the debate about its root causes continues. The debate is important if we are to understand how to prevent future crises. This Policy Brief argues that the focus on total public debt is misleading, for it is external debt that is the key to the turmoil in European economies.

  • Page Count: 6
  • Publication Year: 2011
  • Language: English