Parallel monies, parallel debt: lessons from the EMU ad options for the new EU members

The paper argues that the European Commission should take a particularly close view, now and in the next few years, at the evolution of the composition of new EU members’ debt. As the popular acceptance of the euro in those countries will be strictly correlated with the severity of stabilization policies, it would be a considerable political mistake to let public debt management destabilize economic policies and act as fuel on what could otherwise be a small and extinguishable fire