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Financial Stability beyond Greece: Making the most of the European Stabilisation Mechanism. CEPS Commentaries, (Updated) 11 May 2010

Gros, Daniel and Mayer, Thomas. (2010) Financial Stability beyond Greece: Making the most of the European Stabilisation Mechanism. CEPS Commentaries, (Updated) 11 May 2010. [Policy Paper]

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    Abstract

    In updating their latest Commentary following the newly created €600 billion European Stabilisation Mechanism, Daniel Gros and Thomas Mayer propose that this new initiative should be transformed into an institution that could play a key role in the euro area's evolving fiscal policy and in organising the smooth insolvency of member states where an austerity programme fails.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > fiscal policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on and consequences/reforms
    Countries > Greece
    Subjects for EU documents: UNSPECIFIED
    EU Series: UNSPECIFIED
    ["eprint_fieldname_eusries" not defined]: 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: 10 Aug 2010
    Page Range: p. 2
    Last Modified: 15 Feb 2011 18:34
    URI: http://aei.pitt.edu/id/eprint/14498

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