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A comprehensive approach to the euro-area debt crisis

Author

Listed:
  • André Sapir
  • Jean Pisani-Ferry
  • Zsolt Darvas

Abstract

In this Policy Brief Zsolt Darvas, André Sapir and Jean Pisani-Ferry propose a comprehensive solution to the current European crisis based on three pillars- a plan to restore banking sector soundness, a resolution of sovereign debt crisis including 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....

Suggested Citation

  • André Sapir & Jean Pisani-Ferry & Zsolt Darvas, 2011. "A comprehensive approach to the euro-area debt crisis," Policy Briefs 491, Bruegel.
    • Handle: RePEc:bre:polbrf:491
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    References listed on IDEAS

    as
    1. Bulkley, George & Harris, Richard & Weller, Paul, 1997. "Tests of the Expectations Hypothesis of the Term Structure in a Model with Bayesian Learning," Discussion Papers 9706, University of Exeter, Department of Economics.
    2. Geert Bekaert & Robert J. Hodrick, 2001. "Expectations Hypotheses Tests," Journal of Finance, American Finance Association, vol. 56(4), pages 1357-1394, August.
    3. Zsolt Darvas, 2010. "Facts and Lessons from Euro Area Divergences for Enlargement," Chapters, in: Ewald Nowotny & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), The Euro and Economic Stability, chapter 12, Edward Elgar Publishing.
    4. Adrian Blundell-Wignall & Patrick Slovik, 2010. "The EU Stress Test and Sovereign Debt Exposures," OECD Working Papers on Finance, Insurance and Private Pensions 4, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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