Macroeconomic Monitor
Начало / 2023 / май

2023.05

How the euro increases government debt

The introduction of the euro usually breaks fiscal discipline, causing government debt to increase. This phenomenon has been observed for a long time, since the very creation of the eurozone in the countries that founded it. Debt burden of a country The ratio of public debt to gross domestic product (GDP) in a country is the most appropriate indicator …

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