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August 2011: what to do when the euro crisis reaches the core? CEPS Commentary, 11 August 2011

Gros, Daniel and Mayer, Thomas. (2011) August 2011: what to do when the euro crisis reaches the core? CEPS Commentary, 11 August 2011. [Policy Paper]

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    Abstract

    Investors are anticipating the unravelling of the 21 July 2011 ‘solution’. In this new CEPS Commentary, CEPS Director Daniel Gros and Chief Economist of Deutsche Bank, London, Thomas Mayer argue that the EFSF cannot work as intended but if it were registered as a bank the generalised breakdown of confidence could be stopped while leaving the management of public debt under the supervision of the finance ministers.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > EMU/EMS/euro
    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: 17 Aug 2011 14:10
    Number of Pages: 5
    Last Modified: 17 Aug 2011 14:10
    URI: http://aei.pitt.edu/id/eprint/32299

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