's movement from a firm ‘no bailout' policy, through the eventual financial rescue of several troubled Eurozone member states …; the European Stability Mechanism will serve to bailout an imperiled Eurozone member state. Together, these streams of …This article traces the history of the fiscal stability features of the Eurozone, following the European Union …

The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … monetary integration and even monetary unification in various parts of the world, including East Asia, the current crisis has … had the opposite effect, even raising expectations of a break-up of the euro area. Indeed, the crisis has highlighted the …