The paper argues that the European Commission should take a particularly close view, now and in the next few years, at the evolution of the composition of new EU members’ debt. As the popular acceptance of the euro in those countries will be strictly correlated with the severity of stabilization policies, it would be a considerable political mistake to let public debt management destabilize economic policies and act as fuel on what could otherwise be a small and extinguishable fire.
Parallel monies, parallel debt: lessons from the EMU ad options for the new EU members / G. Basevi; L. Pecchi; G. Piga. - STAMPA. - (2004), pp. 137-164. (Intervento presentato al convegno Conferenza in onore del Prof. Niels Christofer Thygesen, in occasione della sua uscita di ruolo dall'Università di Copenhagen tenutosi a Copenhagen nel 10 Dicembre 2004).
Parallel monies, parallel debt: lessons from the EMU ad options for the new EU members
BASEVI, GIORGIO;
2004
Abstract
The paper argues that the European Commission should take a particularly close view, now and in the next few years, at the evolution of the composition of new EU members’ debt. As the popular acceptance of the euro in those countries will be strictly correlated with the severity of stabilization policies, it would be a considerable political mistake to let public debt management destabilize economic policies and act as fuel on what could otherwise be a small and extinguishable fire.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
