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What caused the eurozone crisis? CEPS Commentary, 27 November 2015

Baldwin, Richard and Gros, Daniel. (2015) What caused the eurozone crisis? CEPS Commentary, 27 November 2015. [Policy Paper]

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    Abstract

    After five years of crisis there are now signs that the eurozone economy is recovering, but it is far from being back to normal. The authors of this CEPS Commentary sound a note of caution: although progress has been made with the banking union and new institutions like the European Stability Mechanism (ESM), more needs to be done. The eurozone crisis may be in remission now but when interest rates start to rise, or if confidence evaporates again due to global shock, the systemic cracks could reappear at an alarming rate.

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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
    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: 30 Nov 2015 10:03
    Number of Pages: 5
    Last Modified: 30 Nov 2015 10:03
    URI: http://aei.pitt.edu/id/eprint/69690

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