In this paper. the author finds links among changes in private and public debt during economic downturn and discusses their financial stability and fiscal sustainability consequences. Financial deepening in years before the economic downturn resulted in the growth of indebtedness among agents within economy that sustained afterwards. The European Union has not become less indebted dur... https://www.ealisboa.com/great-deal-Pentair-Union-Collar-2-U11-200PS-super-offer/