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A European perspective on overindebtedness. Bruegel Policy Contribution Issue n˚25 | September 2017

Véron, Nicolas. and Zettelmeyer, Jeromin (2017) A European perspective on overindebtedness. Bruegel Policy Contribution Issue n˚25 | September 2017. [Policy Paper]

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    Abstract

    The sequence of crisis and policy responses after mid-2007 was a gradual recognition of the unsustainability of the euro-area policy framework. The bank-sovereign vicious circle was first observed in 2009 and became widely acknowledged in the course of 2011 and early 2012. The most impactful initiative has been the initiation of a banking union in mid-2012, but this remains incomplete and needs strengthening.

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    Item Type: Policy Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > banks/financial markets
    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 > Bruegel (Brussels) > Policy Contributions
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 05 Oct 2017 11:42
    Number of Pages: 11
    Last Modified: 05 Oct 2017 11:42
    URI: http://aei.pitt.edu/id/eprint/91406

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