European Union at the End of 1997: Who is within the Public Finance ‘Sustainability’ Zone?

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

This article analyses the concept of public debt sustainability starting from the text of the Treaty of Maastricht, and it criticizes the Annex Protocol where it is specified the two "reference values": a public deficit/GDP ratio of 3% and a public debt/GDP ratio of 60%.
Lingua originaleEnglish
pagine (da-a)17-36
Numero di pagine20
RivistaQUARTERLY REVIEW. BANCA NAZIONALE DEL LAVORO
Stato di pubblicazionePubblicato - 1998

Keywords

  • Basic sustainability relation
  • EU countries screened by the sustainability relation
  • Public debt level
  • the primary deficit-debt relation

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