This paper reviews recent developments in debt management in Europe, focussing on a few key aspects. Relevant theoretical developments as well as practical innovations in debt management since EMU are presented. Key aspects we focus on are the objectives of debt management (section 1), the organisation of debt management (section 2), the maturity of debt (section 3), inflation-indexed debt (section 4), debt denomination (section 5) and the ownership of debt (section 6). The final section offers our conclusions and considers some upcoming challenges for debt management in Europe.