, regulatory and supervisory framework governing banking stability in Greece in the era of the European Banking Union and its …

Debt Overhang is a controversial issue in the eurozone countries and is considered as one of the factors which created … the current economic crisis. How to deal with sovereign debt has been debated both at the theoretical and policy making … level. This paper looks at the Greek debt and four options are discussed: (a) unilateral default (b) unilaterally imposed …

depends on desired savings and sustainable indebtedness. This savings-debt constraint means that any policy that inhibits debt … it is possible to create jobs without creating new debt underscores a serious conceptual fault and a delusion that the … savings-debt constraint to spending can be ignored. As long as policy-makers defy the savings-debt constraint the euro area …

undermined from its beginning and only had a limited disciplining effect henceforth. Otherwise the breakout of the ongoing debt …

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as … against this theoretical background. We then turn to German fiscal policies during the Great Recession, the German Debt Brake … scenarios which could avoid the deflationary pressures of the German Debt Brake and the Fiscal Compact on domestic demand and …