discontinuity in sovereign debt pricing. This study suggests that debt forgiveness is a more effective solution in debt crisis, as …

Following the financial crisis effects, the issue of debt sustainability became of global importance, even for … international security reasons. In the EU, despite post-crisis fiscal austerity measures aimed at rebalancing the public finances …

This paper explores the dominant role of politics in decisions made by euro area governments during the crisis … discussed. The domination of politics over economics has led to crisis mismanagement. The underlying cause of tension is … noncooperative manner. This has magnified the costs of the crisis and has resulted in an unbalanced and divisive incidence of the …

The recent European debt crisis has sparked a heated debate on the merits of fiscal austerity. Since the main objective …