Sovereign debt: Do we need an EU solution?

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Publication Date 2017
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High levels of sovereign debt have become a serious issue in the Eurozone. This does not just affect the individual member states: The European debt crisis has shown that difficulties in one euro-area country can spread to the entire currency union. What strategies are being discussed for reducing sovereign debt? Would a stronger role for the EU help to reduce debt over the long term or should this be left solely to the member states?

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