In the light of the lessons learned from the euro area sovereign debt crisis, the EU fiscal and macroeconomic …

fiscal consolidation on public debt sustainability. A literature review and empirical findings for state … suggest that an increase in the debt ratio following episodes of fiscal consolidation is likely to be short-lived. Even in a … implies a faster stabilisation of the debt ratio. In general, back-loading is subject to higher implementation risks, most …

, focusing on specific issues, such as the fiscal impact of extreme weather events, the interaction between debt sustainability …

in economic good times, with the consequence that there are no fiscal buffers, particularly in high-debt countries, to …

The sovereign debt crisis in the euro area is a symptom of policy failures and deficiencies in – among other things …

This paper explains the various concepts of government debt in the euro area with particular emphasis on its size and … general government debt used in the surveillance of the euro area countries, the total liabilities from the government balance … sheet approach, and the net debt concept which subtracts government financial assets from the liability side. In addition …