The Euro Sovereign Debt Crisis and the Built-In Instability of the Euro
Copyright policy )The Euro Sovereign Debt Crisis and the Built-In Instability of the Euro
This policy paper aims at presenting the key facts related to the Euro sovereign debt crisis that occurred in the interval 2010-2012. It points out some main coordination failures that are at the origin of the crisis, and comments on the effectiveness of various stabilization measures undertook by governments and the EU institutions.
coordination failure,ECB,EU,Euro sovereign debt crisis,fiscal and monetary policy,illiquidity, Euro sovereign debt crisis; ECB; EU; coordination failure; illiquidity; fiscal and monetary policy, jel: jel:E51, jel: jel:E42, jel: jel:E58, jel: jel:G01
coordination failure,ECB,EU,Euro sovereign debt crisis,fiscal and monetary policy,illiquidity, Euro sovereign debt crisis; ECB; EU; coordination failure; illiquidity; fiscal and monetary policy, jel: jel:E51, jel: jel:E42, jel: jel:E58, jel: jel:G01
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