A Comprehensive Approach to the Euro-Area Debt Crisis
The euro area’s sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis - including a revision of EU assistance facilities and a reduction of the Greek public debt - and a strategy to foster growth and competitiveness. The paper provides novel estimates and analysis focusing on the current situation of Greece, Ireland, Portugal and Spain.
|Date of creation:||Feb 2011|
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- Geert Bekaert & Robert J. Hodrick, 2000.
"Expectations Hypotheses Tests,"
NBER Working Papers
7609, National Bureau of Economic Research, Inc.
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