文章基本信息

标题：To Default or Not to Default?
本地全文：下载
作者：Gros, Daniel ; Thomas Mayer
期刊名称：CESifo Forum
印刷版ISSN：1615-245X
出版年度：2011
期号：02
出版社：Ifo Institute for Economic Research
摘要：This is indeed the question facing Greece and the European Union at present. One of the founding principles of EMU had been from the beginning the ‘no-bailout’ principle enshrined in the Treaty of Maastricht. Article 125 states clearly that neither member states nor the EU guarantees the public debt of any individual member state. This does not impede member states to grant each other assistance, but it is clear that in the ultimate instance national debt remains a national responsibility.