期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2021
卷号：2021
语种：English
出版社：European Central Bank
摘要：Euro area sovereigns have issued significant amounts of new debt in response to the pandemic. As a result of this and the sizeable GDP drop, the euro area debt-to-GDP ratio increased to about 100% of GDP in 2020, above the peak of 95% reached in the aftermath of the euro area sovereign debt crisis. While the related fiscal support was crucial to limit economic scarring and aid the recovery, it has also triggered concerns about medium to longer-term debt sustainability. Sustainability risks hinge on a multitude of factors, including fiscal and economic prospects, financial market conditions, the structure of debt and institutional features. [1] A key factor among these is the interest rate-growth differential.
