maandag 22 november 2010

Major public debt reductions: Lessons from the past, lessons for the future

Record levels of government debt in the EU have forced some countries to call for help. This column presents data from the EU between 1985 and 2009 covering episodes when governments have tried to rapidly lower public debt. It shows that appropriate policies, especially on the expenditure side, can help make this reduction sustainable.
Read this article on VoxEU here.

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