This paper examines the basic principles of sovereign debt governance within the eurozone and the evidence of the crisis, from the start in 2008. He shows that, despite budgetary rigor, the overall debt has continued to grow, because it is the unavoidable consequence of the drift of wealth distribution. In conclusion, this work outlines the basics of a public debt crisis model, the aim of which would be to show that the sovereign debt sector makes no exception to the general tendency of markets migratings.
CLIL theme: 3312 -- SCIENCES ÉCONOMIQUES -- Économie publique, économie du travail et inégalités
ISBN:978-2-406-06842-6
EAN:9782406068426
ISSN: 2554-9626
DOI: 10.15122/isbn.978-2-406-06842-6.p.0197
Publisher: Classiques Garnier
Online publication: 03-10-2017
Periodicity: Biannual
Language: French
Keyword: Sovereign debt, global debt, fiscal discipline, market migration, crisis