Publication
8 May 2013
This commentary reviews the debate in the eurozone on austerity and the cost of high public debt. It argues that a paper by Carmen Reinhard and Kenneth Rogoff does not take into account the key point that public debt owed to foreigners is different from debt owed to residents.
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English (PDF, 3 pages, 472 KB) |
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Author | Daniel Gros |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2013 Centre for European Policy Studies (CEPS) |