Влияние на високата задлъжнялост в частния сектор върху икономиките на страните от Европейския съюз

Автори:
Страници: 134-141

Резюме:

After the outbreak of The Global Financial Crisis of 2007–2008 and the subsequent debt crisis in the European Union, economists from around the world began an in-depth exploration of the problems following the accumulation of large amounts of sovereign debt. Without denying the importance of public debt management, we cannot neglect the danger that derives from the increase in the private sector debt levels. Often neglected and less explored, the debt in the private sector can lead to the same devastating effects on countries’ economies. In many economies globally, aiding the indebted households and business entities is backed by a cyclical increase in public debt. The current study examines the impact that high levels of private debt have on the public sector and the economy as a whole. Cases of EU member-states’ economies whose private debt has intensified the negative effects of the 2008 recession and the following debt crisis are examined. A comparison between the development of such economies and the economies of countries whose private debt is significantly lower in an attempt to demonstrate the importance of constant monitoring and appropriate management of private debt in order to ensure financial stability of the business sector and the well-being of the population is made.

Ключови думи:

private debt, European Debt Crisis, Global Financial Crisis, debt management.

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