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Unholy compromise in the Eurozone and how to mend it

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  • Stefano Micossi
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    Abstract

    This paper reviews the causes of the ongoing crisis in the eurozone and the policies needed to restore stability in financial markets and reassure a bewildered public. Its main message is that the EU will not overcome the crisis until it has a comprehensive and convincing set of policies in place; able to address simultaneously budgetary discipline and the sovereign debt crisis, the banking crisis, adequate liquidity provision by the ECB and dismal growth.

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    File URL: http://www.foreurope.eu/fileadmin/documents/pdf/Workingpapers/WWWforEurope_WPS_no001_WP404_Micossi.pdf
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    Bibliographic Info

    Paper provided by WWWforEurope in its series WWWforEurope Working Papers series with number 1.

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    Length: 20
    Date of creation: Aug 2012
    Date of revision:
    Publication status: published
    Handle: RePEc:feu:wfewop:y:2012:m:8:d:0:i:1

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    Postal: WWWforEurope Project Office Austrian Institute of Economic Research Arsenal Objekt 20 A-1030 Vienna
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    Related research

    Keywords: Euro crisis; monetary union; policy coordination;

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