scholarly journals The Size and Composition of Government Debt in the Euro Area

2011 ◽  
Author(s):  
Dagmar Hartwig Lojsch ◽  
Marta Rodríguez Vives ◽  
Michal Slavik
Keyword(s):  
Euro Area ◽  
Government Debt

Cancelling ECB-held sovereign debt would harm not help

2021 ◽  
Keyword(s):  
European Commission ◽  
Euro Area ◽  
Sovereign Debt ◽  
Government Debt ◽  
Economic Recovery ◽  
Member States ◽  
Content Type ◽  
Debt Cancellation

Significance The debate is timely, as in the next two months the European Commission will review the fiscal programmes of member states amid calls for further stimulus to boost economic recovery. Impacts The safest and surest way to cut sovereign debt in the most highly-indebted EU states will be by implementing growth-oriented investments. Further calls to cancel government debt will further fuel uncertainty at a time when consensus between euro-area states is most needed. Debt cancellation is highly unlikely because of opposition from euro-area countries with the lowest government-debt-to-GDP ratios.

Maturing Debt and Default Risks

2010 ◽  
Vol 211 ◽  
pp. F63-F64
Author(s):  
Nathan Foley-Fisher
Keyword(s):  
Euro Area ◽  
Government Debt ◽  
Short Term ◽  
Long Period ◽  
Default Risks ◽  
The Uk

The old trend of ever smaller amounts of government debt maturing and being retired gracefully is passing. In its place, a boom in issuance as a consequence of the recent crisis will lead to a youthful increase in the amount of maturing debt that requires settlement. The UK has the advantage, relative to some other countries in the Euro Area, of being able to issue longer-term debt (see figure 1), which helps avoid the so-called ‘roll over’ risk associated with maturing debt. By contrast, the long period of surpluses run by the Spanish government caused them to obtain over 75 per cent of recent funding from short-term markets.

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