Title: Managing the increase in the EU public debt risk amid the corona crisis

Authors: Konrad Raczkowski; Marta Postuła

Addresses: World Economy Center, Cardinal Stefan Wyszynski University, Warsaw, Poland ' Faculty of Management, Department of Finance and Accounting, Warsaw University, Warsaw, Poland

Abstract: The purpose of this article is to examine the capacity for managing the public finance risk in European Union countries posed by the COVID-19 pandemic. Research has been conducted for the years between 1999 and 2020, broken down into respective periods. The results obtained indicate the growing role of the state in driving the social and economic development in all EU countries, and it is hard to find significant differences in the public debt increase post-COVID-19, which is especially dangerous for Greece, Italy, Portugal, Slovenia and Spain, while having a systemic impact on all of the EU.

Keywords: public debt; public finance; risk; corona crisis; financial stability.

DOI: 10.1504/EJIM.2026.153354

European Journal of International Management, 2026 Vol.29 No.2, pp.294 - 315

Received: 12 Aug 2020
Accepted: 24 Nov 2020
Published online: 06 May 2026 *

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