intensification of the euro area crisis in the summer and fall of 2011, these events weakened the banking system which was vulnerable … due to its exposure in Greece. Rather than deal with its ?scal crisis, the government secured a loan from the Russian … the February 2013 election. The strategy succeeded in delaying resolution of the crisis and avoiding short-term political …

Eurozone. The magnitude of the requested assistance is extremely large relative to GDP (100%) and studying this event provides … useful lessons for avoiding such crises in the future. The crisis resulted from a worsening European economic environment …/or inadequate understanding of the magnitude of the crisis, delayed corrective action for 18 months until election time, making a …

This policy letter sheds light on the economic and political backround in Cyprus and provides an analyses of the … factors which lead to an intensification of the crisis there. It discusses the severe consequences of the errors made in the … recent establishment of an adjustment program for Cyprus by the Europroup for European economic management as a whole. …

" the institutional failures on which the Euro and the Eurozone are built, strengthens them and further weakens the … construction on which the European member states operate. In this sense, the Treaty explains why the crisis in Europe is so deep … and persistent, and why the member states of the Eurozone are having such difficulty in returning to a path of balance and …