|Author (Person)||Sapir, André|
|Series Title||Bruegel Policy Contributions|
|Publication Date||September 2018|
|Content Type||Journal | Series | Blog|
This Policy Contribution looks at the evolution of public debt in Belgium and Italy since 1990 and uses the debt dynamics equation to explain the contrasting evolution in the two countries in the run-up to the introduction of the euro, during the early years of the euro and since the beginning of the crisis, arguing that the euro could have been used also by Italy to undertake sufficiently large fiscal adjustment.
|Subject Categories||Economic and Financial Affairs|
|Subject Tags||European Debt Crisis|
|Countries / Regions||Belgium, Italy|