This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … cycles deviate most from the average Eurozone cycle. In contrast, spreads did not arise in response to adverse macroeconomic …

, which intensified after the European sovereign-debt crisis. The dominant narrative of the crisis has placed a lot of … explaining the sovereign-debt crisis, and the importance of overcoming it to face the health emergency effectively. Therefore …, starting from some alternative explanations regarding the European crisis, a new alternative narrative is presented, which …

This note argues that the solutions to the euro-area crisis proposed by the EU governing institutions in cooperation … with the IMF, based on further austerity and wage cuts, will worsen the crisis. They are unlikely to reduce both sovereign …