Rynkowe wskaźniki oceny stanu finansów publicznych na przykładzie wybranych krajów strefy euro
Market indicators assessing the state of public finances: the case of selected euro zone countries

Summary/Abstract: Excessive public debt is now the biggest problem the most euro zone countries have to contend with. As a result of the lack of fiscal discipline and permanent omissions in reforming public finances, public debt across the euro zone is already over 85% of GDP. Due to the fact that the Stability and Growth Pact as an instrument of a formal nature has not limited the scale of debt crisis, market instruments began to play a greater role in disciplining national fiscal policies. The article presents market indicators assessing the state of public finances as well as their formation in selected euro zone countries before and after the outbreak of the financial crisis.

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