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Eurozone Crisis: Debts, Institutions and Growth

Author

Listed:
  • Agnès Bénassy-Quéré
  • Laurence Boone

Abstract

The Eurozone crisis is much more than a sovereign debt crisis. It puts into question the whole architecture of economic policy, from monetary policy to macroeconomic surveillance and sanctions. Beyond the short-run urgencies, EU members need to come out with a clear view of what kind of coordination device they want to invent. There are several routes forward, but failing to select one could contribute in marginalizing the Eurozone in the global economy.

Suggested Citation

  • Agnès Bénassy-Quéré & Laurence Boone, 2010. "Eurozone Crisis: Debts, Institutions and Growth," La Lettre du CEPII, CEPII research center, issue 300.
    • Handle: RePEc:cii:cepill:2010-300
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    File URL: http://www.cepii.fr/PDF_PUB/lettre/2010/let300ang.pdf
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    More about this item

    Keywords

    CRISIS; EURO AREA; DEBT; INSTITUTIONS; GROWTH;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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