Add to ORKGUnlike the banking crisis of 2008; when governments had significantly lower debt burdens, governments today cannot recapitalize banks without triggering downgrades and renewed fears of sovereign default. In order to stop this downward spiral in the eurozone, a credible floor has to be put in place on the prices of government bonds. This CEPS Commentary argues that the European Central Bank is the only institution capable of imposing such a floor and breaking this vicious circle
This Commentary argues that the failure to recognise shared responsibility for the banking crisis in...
In his latest Commentary, Daniel Gros allows that the eurozone might just be stepping back from the ...
Present-day central banks did not repeat the mistakes of the 1930s by tightening money in the face o...
While acknowledging that the massive amounts of liquidity injected into the eurozone banking system ...
Investors are anticipating the unravelling of the 21 July 2011 ‘solution’. In this new CEPS Commenta...
This commentary observes that fear and panic are now the driving forces in the eurozone, splitting t...
Drawing an analogy with the ill-fated Exchange Rate Mechanism (ERM) of the pre-eurozone era, Paul De...
This paper asserts that the contagion currently afflicting sovereign bond markets in the eurozone ca...
The diabolical loop between the solvency of the banking system and the sovereign fiscal position is ...
This Commentary warns that a self-defeating deflationary dynamics threatens to envelop the whole eur...
EU policy-makers, led by Germany, have a last chance to work together with the private sector to pro...
In his latest commentary, CEPS Director Daniel Gros argues that Europe cannot escape the crisis in i...
Muddling through isn’t working. This commentary argues that troubled eurozone nations should simulta...
After five years of crisis there are now signs that the eurozone economy is recovering, but it is fa...
While acknowledging that the massive amounts of liquidity injected into the eurozone banking system ...
This Commentary argues that the failure to recognise shared responsibility for the banking crisis in...
In his latest Commentary, Daniel Gros allows that the eurozone might just be stepping back from the ...
Present-day central banks did not repeat the mistakes of the 1930s by tightening money in the face o...
While acknowledging that the massive amounts of liquidity injected into the eurozone banking system ...
Investors are anticipating the unravelling of the 21 July 2011 ‘solution’. In this new CEPS Commenta...
This commentary observes that fear and panic are now the driving forces in the eurozone, splitting t...
Drawing an analogy with the ill-fated Exchange Rate Mechanism (ERM) of the pre-eurozone era, Paul De...
This paper asserts that the contagion currently afflicting sovereign bond markets in the eurozone ca...
The diabolical loop between the solvency of the banking system and the sovereign fiscal position is ...
This Commentary warns that a self-defeating deflationary dynamics threatens to envelop the whole eur...
EU policy-makers, led by Germany, have a last chance to work together with the private sector to pro...
In his latest commentary, CEPS Director Daniel Gros argues that Europe cannot escape the crisis in i...
Muddling through isn’t working. This commentary argues that troubled eurozone nations should simulta...
After five years of crisis there are now signs that the eurozone economy is recovering, but it is fa...
While acknowledging that the massive amounts of liquidity injected into the eurozone banking system ...
This Commentary argues that the failure to recognise shared responsibility for the banking crisis in...
In his latest Commentary, Daniel Gros allows that the eurozone might just be stepping back from the ...
Present-day central banks did not repeat the mistakes of the 1930s by tightening money in the face o...