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Unholy Compromise in the Eurozone and How to Mend it. WWWforEurope Working Paper No. 1

Author

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  • Stefano Micossi

    (Centre for European Policy Studies)

Abstract

This paper reviews the causes of the ongoing crisis in the Eurozone and the policies needed to restore stability in financial markets and reassure a bewildered public. Its main message is that the EU will not overcome the crisis until it has a comprehensive and convincing set of policies in place, able to address simultaneously budgetary discipline and the sovereign debt crisis, the banking crisis, adequate liquidity provision by the ECB and dismal growth.

Suggested Citation

  • Stefano Micossi, 2012. "Unholy Compromise in the Eurozone and How to Mend it. WWWforEurope Working Paper No. 1," WIFO Studies, WIFO, number 46060.
    • Handle: RePEc:wfo:wstudy:46060
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    File URL: https://www.wifo.ac.at/wwa/pubid/46060
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    Cited by:

    1. Botta, Alberto & Tippet, Ben & Onaran, Özlem, 2018. "Divergence between the core and the periphery and secular stagnation in the Eurozone," Greenwich Papers in Political Economy 20405, University of Greenwich, Greenwich Political Economy Research Centre.
    2. Ludek Kouba & Michal Mádr & Danuše Nerudová & Petr Rozmahel, 2015. "Policy Autonomy, Coordination or Harmonisation in the Persistently Heterogeneous European Union? WWWforEurope Working Paper No. 95," WIFO Studies, WIFO, number 58136.

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