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An agenda for the European Council: Feasible steps to bring the eurozone back from the precipice

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  • Micossi, Stefano

Abstract

In the run-up to the emergency European Council meeting at the end of June, Stefano Micossi outlines in this Policy Brief the main elements of a realistic and yet incisive policy package, capable of reassuring financial markets and a bewildered public opinion. It is more than Germany has been willing to accept so far but much less than many of the demands it will confront at the Council meeting. More importantly, it only requires a minimum of additional disbursements by the member states, while strengthening risk-sharing for sovereign and banking risks.

Suggested Citation

  • Micossi, Stefano, 2012. "An agenda for the European Council: Feasible steps to bring the eurozone back from the precipice," CEPS Papers 7080, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:7080
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    File URL: http://www.ceps.eu/system/files/book/2012/06/Micossi%20Agenda%20for%20European%20Council.pdf
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    Cited by:

    1. Mario Sarcinelli, 2012. "Euro crisis or public debt crisis? With a remedy for the latter case," PSL Quarterly Review, Economia civile, vol. 65(262), pages 215-236.

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