The end of ‘enjoy now, pay later’
Concerns over government debt have been on the rise. Martin Larch provides a brief history of government debt in the EU and draws attention to some important issues that are normally kept in the background
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Debt
Debt financing European air defence
Europe is vulnerable to missiles and air attacks. Armin Steinbach and Guntram Wolff argue the case for financing European air defence through issuance of EU debt
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How the new EU fiscal rules can succeed
The EU has enacted new rules that overhaul the Stability and Growth Pact. Lucio Pench considers the issues that need to be addressed to ensure the new fiscal rules succeed
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A lose-lose policy for global recovery
Joseph Stiglitz and Kevin Gallagher argue that the IMF surcharges worsen potential outcomes for both the borrowing country and its investors
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