Darvas, Zsolt and Piasni-Ferry, Jean and Sapir, André (2011) A comprehensive approach to the euro-area debt crisis. Working Paper. BCE Matematikai Közgazdaságtan és Gazdaságelemzés tanszék, Budapest.
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The main text of this paper was first published as Bruegel Policy Brief 2011/02 and the appendix as Bruegel Working Paper 2011/05.
Abstract
The euro area‘s sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis -including a revision of EU assistance facilities and a reduction of the Greek public debt- and a strategy to foster growth and competitiveness. The paper provides novel estimates and analysis focusing on the current situation of Greece, Ireland, Portugal and Spain.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Uncontrolled Keywords: | fiscal sustainability, euro-area crisis, financial interdependence, JEL: F34, E60, H63 |
| Divisions: | Faculty of Economics > Department of Mathematical Economics and Economic Analyses |
| Subjects: | Economic policy Finance International economics |
| References: | |
| ID Code: | 304 |
| Deposited By: | Ádám Hoffmann |
| Deposited On: | 09 Mar 2011 13:09 |
| Last Modified: | 18 Oct 2021 08:53 |
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