{"id":116470,"date":"2024-01-22T20:03:54","date_gmt":"2024-01-22T19:03:54","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/116470\/"},"modified":"2024-11-14T13:12:20","modified_gmt":"2024-11-14T12:12:20","slug":"the-sovereign-debt-crisis-causes-and-consequences","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/116470\/","title":{"rendered":"The Sovereign Debt Crisis: Causes and Consequences"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-116470","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The quasi-global sovereign debt crisis is currently the focus of the political debate and of media attention. The origins of the crisis have long been considered too narrowly, with often one-dimensional solutions being proposed. A somewhat more comprehensive approach was first adopted at the EU Council Meetings of October and December 2011, thereby providing a major step towards the resolution of the most pressing problems. Tighter fiscal policy and more ample resources for the stabilisation fund are important moves. Nevertheless, a lasting solution must take a broader perspective and address certain deficiencies in the setup of EMU that were brought to the fore by the uneven economic performance of its members.","onlinedate":"2012-05-11 02:00:00","lang":"English","publication_series":"","publication_date":"20120501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Euro Crisis Rating Agencies Ratings\"]","jelcodes":"[]","related_publications":"[]","pdf":414862,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"17","monthly_report_pages":"95-107","monthly_report_pages_sort":"95","issue":"2","journal":"Austrian Economic Quarterly","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[183747],"research_groups":[3500],"collaboration":"","persons":[4877],"persons_data":"[{\"personId\":4877,\"personName\":\"Gunther Tichy\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - 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