Mody, Ashoka - Bruegel - 2014
leans towards 'more Europe', will rule in favour of the OMT, possibly with some inconsequential restrictions to appease the … to deal with the crisis had been narrowed down to austerity, which was not paying dividends. European policymakers had … determined that they would not â?? other than in exceptional circumstances â?? allow euro-area sovereigns to default on their …