Kokert, Marius; Schäfer, Dorothea; Stephan, Andreas - In: DIW Economic Bulletin 4 (2014) 5, pp. 3-13
Member states of the euro area have been struggling with the legacies of the severe financial and economic crisis for … halve its debt with no haircuts. The crisis countries of the euro area were able to "buy time" with bailout packages and low … the current stabilization of the euro debt crisis is sustainable. The ECB's low interest rate policy undoubtedly offers …