Munich Personal RePEc Archive

External Debt and Debt Crises in European Economies

Irena, Nikolova (2019): External Debt and Debt Crises in European Economies. Published in: Conference Proceedings “Bulgaria and Romania: Country Members of the EU, Part of the Global Economy”, organized by Economic Research Institute, Bulgarian Academy of Sciences and Institute for World Economy at the Romanian Academy (2019): pp. 153-158.


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In recent years the external government debt has been reviewed and analysed in terms of the European debt crisis and due to the high debt levels in leading economies worldwide. The EU Member States external debt is discussed in the paper as the focus is on Bulgaria and Romania and two main issues are presented in more details: 1. The EU Member States debt levels for the last decade; and 2. The private versus public debt and major challenges in their management

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