ISBN: 978-2-39067-042-1

Year: 2022

Authors: Lukas Sustala & Günther Oswald

European countries have accumulated a mountain of debt. The sovereign debt ratio has risen to new record highs in the Covid pandemic, and sharply rising interest rates threaten to exacerbate the financial situation in many eurozone countries.

This book shows ways to eliminate high debt in the long term employing optimal liberal approaches. This requires modernisation of fiscal rules and a greater focus on the future of budgetary policy.

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