The destructive potential of the sovereign debt crisis of the euro area has been slowly abating since last summer, but … euro area, and the other being an erosion of trust in the viability of the euro area itself. Such concerns have led to talk … the crisis or the future of the euro area. While the crisis is a traumatic wake-up call, it is also a catalyst for change …

in response to the euro area crisis. The paper complements the economic narratives of the crisis with an institutional …

the euro area. Employment began to rise again in the first half of 2011, but declined once more at the end of that year … fall in GDP, employment adjustment has been relatively muted at the aggregate euro area level, mostly due to significant … labour hoarding in several euro area countries. While the crisis has, so far, had a more limited or shorter-lived impact in …

-making, and thereby facilitates the maintenance of price stability in the euro area. A fully-fledged committee structure has also … contributed to the smooth integration of non-euro area Member States into the Eurosystem’s monetary policy decision-making process. …

This paper analyses the impact of the global financial crisis on euro area cross-border financial flows by comparing … significant changes in the composition of euro area cross-border portfolio flows, as investors shifted from equity to debt … crossborder financial activity may have a major bearing on growth prospects for the euro area and may also matter from a financial …