Public Deficit: Exit to the Global Structural Crisis

Abstract

The paper addresses the consequences of the 2008 financial crisis from the point of view that the main basis of the modern capitalist economy is the process of the monetary circuit that is fully supported by the driving role played by the State through its fiscal policy. An attempt is made to verify the process of the stability conditions of the real economy and to show that these conditions were violated due to an accumulation of disastrous policy decisions taken by States that turned predatory.