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The EU’s long-term fiscal challenges

The Sound of Economics

CHAPTER

The Debt Stabilizing Primary Surplus

The vast majority of EU countries has debt stabilizing or debt, even debt reducing primary surpluses. The biggest numbers are something in the order of 2 to 2.5% of GDP and that's true for Italy and Greece. So yes, we will need to see more fiscal effort than is currently planned in the EU, but not a whole lot.

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