Economic Policies and the Debt/ GDP Constraint: The European Challenge

Abstract

In the aftermath of the Second World War, European citizens shared the belief according to which an economically integrated Europe would prevent European peoples from fighting each other again. If this argument still remains valid, many younger European citizens, who did not go through the war atrocity, are supporting the European project insofar as it associated to an image of modernity, openness, and, ultimately, higher living standards.