Since the beginning of 2010, the Euro Area faces a severe sovereign debt crisis, now generally known as the Euro Crisis …. While the Euro Crisis has its origin in Greece, problems have now spread to several other European countries as well … the Euro Crisis, or if the countries' problems are instead due to fundamental problems in the affected economies. Our …

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies … the German government pushed during the Eurozone crisis have been informed by the ordoliberal tradition. In particular …

The potential mutation of the Sub-Prime banking crisis into a sovereign debt one in Euro area countries is investigated … the end 2009 the probability of observing a Euro area country defaulting is less likely than six month before … self-fulfilling, sovereign debt or currency crises in Euro area in the future …

This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that …

subprime crisis that emerged in 2008 and the subsequent euro-zone crisis …

credit, NCBs avoid domestic resolution costs and, instead, share potential losses within the Euro Area. This results in … institute. Regressions show evergreening is significantly greater in the Euro Area and where banks are in distress. Finally …