Mathieu, Catherine; Sterdyniak, Henri - Sciences économiques, Sciences Po - 2014
economic policies. Euro area governance (no public debts guarantee by the ECB, arbitrary rules focusing on public finances only …The 2007 crisis highlighted the drawbacks of the euro area framework which were already there from the launch of the … austerity policies led the euro area to fall in depression and undermined euro area cohesion. The procedures implemented …