Pisani-Ferry, Jean; Sapir, André; Wolff, Guntram B. - Bruegel - 2011
The euro-area crisis has exposed deep deficiencies in the governance of European Economic and Monetary Union. However …, crisis prevention in, and surveillance of, the euro area are not only the responsibility of European authorities. As members … of the International Monetary Fund, all euro-areacountries are also subject to regular bilateral IMF surveillance. The …