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Is financial failure an option in the EU? CEPS Commentaries, 27 May 2010

Gros, Daniel. (2010) Is financial failure an option in the EU? CEPS Commentaries, 27 May 2010. [Policy Paper]

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    Abstract

    Assessing the validity of the European Council of Ministers’ recent decision to create a $1 trillion rescue package for financially imperiled countries, CEPS Director Daniel Gros concludes that the eurozone cannot stabilise in political and economic terms in the absence of a solid framework for crisis resolution and an ability to deal with sovereign default by a member state.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 11 Aug 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14497

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