Consolidation Policies in Federal Countries

  • Dietmar Braun
  • Philipp Trein
Chapter

Zusammenfassung

The global economic and financial crisis that started in 2007 has forced governments to pursue continuing adaptation policies, often in the form of rescue actions. While the initial crisis resulted in economic recession with a sharp decrease in economic growth and rising unemployment rates, an increase in state debts caused by decreasing revenues and expansionary fiscal policies has become the primary problem since 2009.

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Copyright information

© Springer Fachmedien Wiesbaden 2013

Authors and Affiliations

  • Dietmar Braun
    • 1
  • Philipp Trein
    • 1
  1. 1.LausanneSchweiz

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