Nickel, Christiane; Rother, Philipp; Zimmermann, Lilli - 2010
determining major public debt reductions. On average, the total debt reduction per country amounted to almost 37 percentage points …The financial crisis of 2008/2009 has left European economies with a sizeable public debt stock bringing back the … reductions are mainly driven by decisive and lasting (rather than timid and short-lived) fiscal consolidation efforts focused on …