External versus Domestic Debt in the Euro Crisis

CEPS Policy Brief No. 243

6 Pages Posted: 31 Jul 2011

See all articles by Daniel Gros

Daniel Gros

Centre for European Policy Studies, Brussels; CESifo (Center for Economic Studies and Ifo Institute)

Date Written: May 25, 2011

Abstract

As EU leaders muddle through the Eurozone crisis, the debate about its root causes continues. CEPS Director Daniel Gros argues in this Policy Brief that the debate is important if we are to understand how to prevent future crises. In his view, external debt is the key to the turmoil in European economies and that the focus on total public debt is therefore misleading.

Keywords: Eurozone, Euro, crisis, debt, external debt, economy, public debt

Suggested Citation

Gros, Daniel, External versus Domestic Debt in the Euro Crisis (May 25, 2011). CEPS Policy Brief No. 243, Available at SSRN: https://ssrn.com/abstract=1898656

Daniel Gros (Contact Author)

Centre for European Policy Studies, Brussels ( email )

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CESifo (Center for Economic Studies and Ifo Institute)

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Germany

HOME PAGE: http://www.CESifo.de

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