Horn, Gustav A.; Niechoj, Torsten; Tober, Silke; … - 2010
Public debt has increased sharply during the financial and economic crisis. The European stability and growth pact … the one-sided fixation on public deficits and debt and aim to make sanctions more automatic and severe. Such a strategy … euro area. Not only public, but also private debt may ptentially destabilize the monetary union. Without a new focus of the …