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A comprehensive approach to the euro-area debt crisis

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  • Jean Pisani-Ferry
  • André Sapir
  • 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 in 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. In addition, the authors, together with Christophe Gouardo, wrote a background working paper describing in detail the assumptions and calculations behind the results of the policy brief. [Download it]

Suggested Citation

  • Jean Pisani-Ferry & André Sapir & Zsolt Darvas, 2011. "A comprehensive approach to the euro-area debt crisis," Policy Briefs 492, Bruegel.
    • Handle: RePEc:bre:polbrf:492
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