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A less punishing, more forgiving approach to the debt crisis in the eurozone. CEPS Policy Brief No. 230/January 2011

de Grauwe, Paul. (2011) A less punishing, more forgiving approach to the debt crisis in the eurozone. CEPS Policy Brief No. 230/January 2011. [Policy Paper]

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    Abstract

    The debt crisis that hit the eurozone last year forced European leaders to develop new solutions to deal with the crisis. In this CEPS Policy Brief, Paul De Grauwe asserts that these solutions have been misguided by the idea that sanctions should be imposed everywhere in the system. He argues that too much emphasis was put on designing punishment mechanisms to deal with the crisis and to prevent future ones and that a greater role should be given to forgiveness.

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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 and consequences/reforms
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Policy Briefs
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Feb 2011
    Page Range: p. 5
    Last Modified: 15 Feb 2011 18:42
    URI: http://aei.pitt.edu/id/eprint/15770

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