We use a 3-step analysis to assess the sustainability of public finances in the EU27. Firstly, we perform the SURADF … and revenues via SUR analysis. While results imply that public finances were not unsustainable for the EU panel, fiscal …

consumption are estimated for the EU15 countries, using annual data over the period 19702005. Three alternative approaches to …

We use EU sovereign bond yield and CDS spreads daily data to carry out an event study analysis on the reaction of …