Sovereign debt crisis in Spain and the EU: cause or consequence?


In this research it is analyzed through empirical evidence the orthodox thesis about excessive public expenditure, generator of public deficit and debt, as cause of the current crisis in the peripherical european countries. After looking at the tendency of these variables within the last decade in Spain and the European Union it concludes with some reflections about the aforesaid thesis.

Papeles de Europa Vol. 26, N�m. 2 (2013): 93-1