Updates on the Public Debt Crisis in the EU Economies

This article aims to approach highly important and current aspects regarding the public debt crisis in the European Union’s economies. The current economic situation determined by the effects of the crisis is causing the governments of the countries worldwide to streamline their processes in terms of collecting revenue from the state budget and then redistributing them on the principle of performance and economic efficiency. Under these conditions, this article is based on a set of previous research and studies conducted at the EU level. In these analyses and studies, the following aspects were examined: (1) European Union’s competitiveness in terms of country risk and fiscal discipline, and (2) Fiscal policy under current challenges and constrains at EU level. Based on these empirical analyses, a series of complex relationships are highlighted within the European community, more precisely in the context of markets with turbulences and search frictions that currently exist in the European Union.
JEL Classification E21, E22
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Article Rights and License
© 2016 The Author. Published by Sprint Investify. ISSN 2359-7712. This article is licensed under a Creative Commons Attribution 4.0 International License. Creative Commons License
Corresponding Author
Alin Opreana, Lucian Blaga University of Sibiu, Romania
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Lucian Blaga University of Sibiu