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 … crisis in 2008, IMF surveillance of the euro area greatly improved, with the IMF correctly proposing measures to counter …