Abstract

This article provides the review of the problem of external debt of the countries of the European Union. Modern forms of external borrowing are considered, as well as the reasons for the external debt of countries in general and the reasons that became the beginning of the debt crisis for the EU countries. The article provides the main theoretical options for overcoming this problem, both in the form of measures to overcome the problem of external debt, common ways to overcome the problem of public debt, and in the form of the main policy directions to overcome this problem. The data show a deterioration of the EU's position in the international arena, as well as the emergence of debt economic problems of the European Union, which adversely affects the overall situation in the world.The public debts of Greece, Spain, Ireland and Portugal need to be refinanced, measures need to be taken to improve the situation, but over the years the external debts of the countries do not tend to decrease, which has a negative impact on total external debt, a possible external debt crisis.The article also provides data and statistics on the EU external debt for the period 2013-2019, the ranking among the EU countries with the largest external debt and its amounts, the structure of the external public debt of the EU for the period 2017 - 2019. This article also discusses the main consequences of accumulation of external debt.

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