Kokert, Marius; Schäfer, Dorothea; Stephan, Andreas - In: DIW Wochenbericht 81 (2014) 7, pp. 115-126
four years now. But debt ratios are still rising. Negative primary balances, low growth, and low inflation do not allow for … halve its debt with no haircuts. The crisis countries of the euro area were able to buy time with bailout packages and low … the current stabilization of the euro debt crisis is sustainable. The ECB's low interest rate policy undoubtedly offers …