Government debt reduction strategies in the euro area

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Series Details No.3, May 2016
Publication Date May 2016
ISSN 2363-3417
Content Type

This article analyses the economic and institutional factors supporting the reduction of government debt-to-GDP ratios from high levels in the euro area. To this end, it reviews past debt reduction episodes and assesses – as an example of an operationalised government debt reduction strategy – the debt rule enshrined in the reformed Stability and Growth Pact (SGP).

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ECB: Publications: Economic Bulletin

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