After the global financial crisis, some governments in the EU experienced serious debt financing problems, while others … the EU countries before and after the outbreak of the crisis. Fiscal reaction functions of the primary balance are … estimated for different groups of EU countries using quarterly data for the pre-crisis period 2001-2008 and for the post …

The Euro Plus Pact was approved by 23 EU countries in March 2011 and came into force shortly afterwards. The Pact … consists of annual data for 27 EU countries for the period 1995-2012. The main finding is that changes in the current account …