Horn, Gustav A.; Niechoj, Torsten; Tober, Silke; van … - 2010
Public debt has increased sharply during the financial and economic crisis. The European stability and growth pact … euro area. Not only public, but also private debt may ptentially destabilize the monetary union. Without a new focus of the … pact the problems of the euro area will not be resolved. In this report, the IMK first critically assesses recent reform …