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The pitfalls of official first-loss bond insurance. CEPS Commentary, 27 October 2011

Gros, Daniel (2011) The pitfalls of official first-loss bond insurance. CEPS Commentary, 27 October 2011. [Policy Paper]

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    Abstract

    Eurozone leaders agreed this morning on the rough outline of a package of measures designed to end the crisis in the eurozone. This commentary argues that a central pillar of the package will not work. The so-called ‘first-loss insurance’ of eurozone sovereign debt relies on an incomplete analysis of the underlying problem and the proposed solution.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    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 Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 29 Oct 2011 08:53
    Number of Pages: 3
    Last Modified: 29 Oct 2011 08:53
    URI: http://aei.pitt.edu/id/eprint/32728

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