No. 277. Unholy compromise in the eurozone and how to right it:
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Bibliographische Detailangaben
1. Verfasser: Micossi, Stefano (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Brussels [Belgium] CEPS Centre for European Policy Studies 2012
Schlagworte:
Online-Zugang:BSB01
Beschreibung:Two years after the first Greek rescue in May 2010, crisis management in the eurozone has still failed to restore confidence. A vivid picture of the situation can be found in Figure 1: the constellation of spreads on ten-year sovereign debts over the Bund in the eurozone is wider thanit was before monetary union, as though financial markets had already discounted its breakdown. Temporary respites, notably in the early part of 2012, have not interrupted the trend of increasing divergence that risks undermining the credibility of adjustment efforts under way
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