Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65674 
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dc.contributor.authorSmeets, Heinz-Dieteren
dc.date.accessioned2012-10-30-
dc.date.accessioned2012-10-31T12:36:22Z-
dc.date.available2012-10-31T12:36:22Z-
dc.date.issued2012-
dc.identifier.isbn978-3-86304-630-9en
dc.identifier.urihttp://hdl.handle.net/10419/65674-
dc.language.isogeren
dc.publisher|aHeinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE) |cDüsseldorfen
dc.relation.ispartofseries|aDICE Ordnungspolitische Perspektiven |x30en
dc.subject.ddc330en
dc.subject.keywordStaatsschuldenkriseen
dc.subject.keywordSchuldentragfähigkeiten
dc.subject.keywordBankenrekapitalisierungen
dc.subject.keywordWährungsunionen
dc.subject.keywordEuroen
dc.subject.stwÖffentliche Schuldenen
dc.subject.stwEuropäischer Stabilitätsmechanismusen
dc.subject.stwNachhaltigkeiten
dc.subject.stwEurozoneen
dc.subject.stwStaatsbankrotten
dc.subject.stwGriechenlanden
dc.titleZum Stand der Staatsschuldenkrise in Europa-
dc.typeWorking Paperen
dc.identifier.ppn72888464Xen
dc.description.abstracttransThe euro countries currently experience a severe government debt crisis. Since Greece asked for financial assistance in May 2010 there has been a lively debate on how to resolve this situation. The solution that has been primarily suggested by politicians so far is to finance governments' financial needs through emergency credits from EU sources (EFSF/ESM) and the International Monetary Fund. After explaining provisions like the stability pact and risk premiums on interest rates which aimed at guaranteeing fiscal stability in the pre-crisis EMU an overview is given showing financial and other political reactions to the crisis. In a second step, the sustainability of the Greek debt situation is extensively analyzed by employing the government budget constraint. The necessary primary surpluses enabling Greece to finance its government debt without international support from 2020 onwards are, however, substantial. Therefore, it is very likely that Greece either needs further financial assistance or an additional hair cut. Finally, some suggestions are made how to avoid possible government debt crises in the future.en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:diceop:30en

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