Uncomfortable Arithmetic (Velculescu)

Isaias Coelho indicated the working paper, Some uncomfortable arithmetic regarding Europe’s public finances by Delia Velculescu. The paper proposes alternative forward-looking indicators that measure the public sector’s net worth for EU countries in an intertemporal perspective. Current estimates indicate that, on existing policies, the intertemporal net worth of the EU27 is deeply negative. http://migre.me/11ncs