Euro Crisis or Debt Crisis?
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Marek Dabrowski
Expertise: Background: Current Positions: Previous Positions: Visiting Professor, Central European University, Vienna (2023 – 2024) Dr Marek Dabrowski is a Non-Resident Scholar at Bruegel, Brussels, and Fellow at CASE – Center for Social and Economic Research in Warsaw. He was a co founder of CASE (1991), former Chairman of its Supervisory Council and President of … <a href="https://case-research.eu/publications/euro-crisis-or-debt-crisis/">Continued</a>
Articles from this author:
- Financing Ukraine’s recovery and reconstruction through the 2028-2034 Multiannual Financial Framework
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Russian fiscal space – In-depth analysis of Russian public debt, constraints to medium-term sustainability, and macroeconomic consequences
This publication examines how much fiscal room Russia still has under wartime conditions. It focuses on public finances, debt, inflation, and the broader macroeconomic effects of the war in Ukraine and Western sanctions.
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Future outlook of EU-Moldova trade and investment relations
This study explores the evolution and prospects of economic relations between the European Union and the Republic of Moldova.
The public debt crisis is not limited to Greece or to the Euro area. In fact, several developed economies face rapidly growing debt-to-GDP ratios, which raise doubts about their long-term solvency. Thus, suggesting that the Eurozone is undergoing a currency crisis or is in danger of disintegration is not the right diagnosis (or at least premature). However, if prudent fiscal policies, fiscal discipline and far-reaching structural reforms are not undertaken soon, both the EU and EMU may face serious internal tensions and obstacles to future economic growth.