Government debt reduction strategies in the euro area

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).

• Primary Source

ECB: Publications: Economic Bulletin https://www.ecb.europa.eu/pub/economic-bulletin/html/index.en.html

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