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The controversy about sovereign debt cuts loomed prominently throughout crisis in the European Union (EU), as the EU legal rules were viewed to impose strict limitations on debt restructuring involving public creditors due to moral hazard concerns enshrined in the legal ban on bailouts. This...
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In this paper, the focus lies on the way the German government spends, how it spends and what the connection between finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of the Eurozone, Germany's national central bank is not...
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: "Staatsbankrott", ID 32/10). Die Problematik wird in Werken zur Wirtschaftspolitik und Finanzkrise mitbehandelt, hier aber werden … Leipziger im Jahre 1989 schon einmal einen Staatsbankrott - zeigen die verbliebenen Möglichkeiten der Politik auf. Jede … Richtung Staatsbankrott setzt sich fort." Während Wittmanns Werk ein kurzer und kurzweiliger Abriss verschiedener bekannter …
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Many observers consider the German 'debt brake' beyond criticism. In the current crisis, many European countries have difficulties refinancing their budgets, while the German treasury's funding conditions are most favourable. The 'fiscal compact's' call for the introduction of German-style 'debt...
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