Unholy compromise in the Eurozone and how to mend it

This paper reviews the causes of the ongoing crisis in the eurozone and the policies needed to restore stability in financial markets and reassure a bewildered public. Its main message is that the EU will not overcome the crisis until it has a comprehensive and convincing set of policies in place; able to address simultaneously budgetary discipline and the sovereign debt crisis, the banking crisis, adequate liquidity provision by the ECB and dismal growth.

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Year of publication:	2012-08
Authors:	Micossi, Stefano
Institutions:	WWWforEurope
Subject:	Euro crisis \| monetary union \| policy coordination

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Extent:	application/pdf
Series:	WWWforEurope Working Papers series.
Type of publication:	Book / Working Paper
Notes:	published Number 1 2 pages long
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; E63 - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization ; F33 - International Monetary Arrangements and Institutions ; F36 - Financial Aspects of Economic Integration ; F42 - International Policy Coordination and Transmission
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010928072