by 6.2% in 2020 (6.6% in the euro area), leading to soaring unemployment and temporary unemployment. The key question …

measures taken during the pandemic from the perspective of fragmentation of labour market statuses, notably by focusing on non …

by individual countries: fiscalfederalism; banking federalism; a profound overhaul of EU/euro-area institutions;and short …

The crisis has underlined the strong interdependence between the euro-area banking and sovereign crises. To understand … required. The data shows that at the start of the crisis, most continental euro-area countries were characterised by the large …. Consequently, concern about sovereign solvency was bound to have major consequences for banks. The structural vulnerability of euro …

credible. The exposure to Greece cannot explain the general and large decline in euro area banks' market cap. Instead, a …Stress in the interbank market has increased dramatically since July and bank stock market valuation has fallen by 22 … general confidence crisis of the euro area banking system, or more deeply the euro area construction, might be driving the …

restructuring of the sovereign debts in the euro area. Second, they should promote immediate growth-enhancing measures to be … an upgrading of the Greek value chain. Third, they should address risks to financial stability in the euro zone by …