This policy brief takes stock of the agreement by Eurozone countries in late June at the European summit. If this agreement survives (which is by no means certain) and is utilised, Eurozone governments will have opened the door to a flexible use of its bailout funds. In contrast to previous...

The Eurozone crisis has been reinforced and prolonged by leaders' inability to agree on robust and credible crisis responses. Individual governments are experiencing sovereign deficit and debt crises, but not the Eurozone at large. Its fiscal position is manageable. The Eurozone is rather going...

The Eurozone crisis has been reinforced and prolonged by leaders' inability to agree on robust and credible crisis responses. Individual governments are experiencing sovereign deficit and debt crises, but not the Eurozone at large. Its fiscal position is manageable. The Eurozone is rather going...

This policy brief takes stock of the agreement by Eurozone countries in late June at the European summit. If this agreement survives (which is by no means certain) and is utilised, Eurozone governments will have opened the door to a flexible use of its bailout funds. In contrast to previous...

The European Central Bank has been a source of monetary disorder in the Eurozone. It was complicit in creating a huge asset bubble and growing current account imbalances in the Eurozone in the pre-crisis years. And it has been complicit in creating the drawn-out recession in the Eurozone in the...

In diesem Beitrag werfen wir einen Blick auf die 'TARGET2-Debatte', die insbesondere durch die Beiträge von Hans-Werner Sinn (exemplarisch: 2011a-d), John Whittaker (2011), und Ende letzten Jahres bereits durch Peter Garber (2010) initiiert worden ist. Die fachliche Auseinandersetzung hat auf...