the current bailout by the EU/ECB/IMF. -- debt ; deficits ; political economy ; fiscal crisis ; Greece … and current account deficits, which have in turn driven Greece’s foreign indebtedness to alarming levels, necessitating …

For a sample of sixteen OECD countries over the period 1980-2007 we show that, for given debt-GDP ratio, an increase in … the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect … is stronger for countries with higher average inflation or debt. …

We describe the evolution of the power struggle in Greece among key economic and political stakeholders, who have tried …

The rapidly growing federal government debt has become a concern for policy makers and the public. Yet the U … growth rate of the economy. The paper examines the ramifications of debt financing at low interest rates. Given the short … maturity of U.S. public debt - over $2.5 trillion maturing in 2010 - investor expectations are critical. Excessive debts …

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in … upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing … public debt is crucial because a high level of public debt may hamper long-term growth and may have a direct impact on fiscal …

In the last decades, the majority of OECD countries has experienced a continuous increase in public debt. The European … debt crisis has prompted a fundamental re-evaluation of public debt sustainability and the looming threat of sovereign debt …'s peacetime debt-to-GDP (Gross Domestic Product) ratio has never been higher. In this paper, we analyse the sustainability of …

and more capable were able to mobilise more fiscal resources. We also find that it was governments with bigger debt loads …