There are at least two reasons why sustainability of public debt is an issue of increasing importance. First, public choice considerations show the danger of excessive use of deficit finance in a democracy. Second, the conditions of a European Monetary Union imply further incentives for deficit...

EU funds that promote economic convergence will hardly reach their objective in countries sliding toward a system that lacks effective checks and balances. The idea of financially sanctioning EU Member States has been advocated for some time and took shape concretely in May 2018. The European...