Add to ORKGThis Commentary finds that the recent adjustment measures taken by the Greek government in combination with the financial support proffered by the Eurogroup may not be sufficient to deal with the risk of instability in EMU in the longer term. The author argues that other imbalances, most notably the current account imbalances within EMU, need to be addressed to avoid a deflation spiral that would aggravate sustainability problems in highly indebted countries. The Greek crisis highlights the need to take steps to strengthen the economic governance of the euro area. A key component of these steps would be a stronger, growth-oriented, surveillance
With Greece’s economy tanking again, the country’s government is convinced that it is the victim of ...
After the Greek public debt crisis and the bilateral loans to Greece from the other members of the E...
Four years ago – almost to the day – when the question of Greece’s debt sustainability was being int...
This Commentary finds that the recent adjustment measures taken by the Greek government in combinati...
The first act of the eurozone debt drama was about whether any European Union member country could e...
In updating their latest Commentary following the newly created €600 billion European Stabilisation ...
While acknowledging that the sustainability of sovereign debt is a serious issue that must be confro...
While acknowledging that Portugal is far from being in the same dire straits as Greece in terms of i...
After a decade of struggles, Daniel Gros urges eurozone leaders not to forget that predominantly dom...
The Conclusions of the European Council on 28-29 October 2010 suggest the need for further consultat...
Senior Associate Research Fellow Paul De Grauwe argues in this CEPS Commentary that the Greek debt c...
The euro area crisis exposed substantial structural flaws in the currency area’s architecture. Addre...
Highlights: • The European Union growth agenda has become even more pressing because growth is n...
This Policy Brief argues that some important considerations are missing in the current heated debate...
Lax financial conditions can foster credit booms. The global credit boom of the last decade led to l...
With Greece’s economy tanking again, the country’s government is convinced that it is the victim of ...
After the Greek public debt crisis and the bilateral loans to Greece from the other members of the E...
Four years ago – almost to the day – when the question of Greece’s debt sustainability was being int...
This Commentary finds that the recent adjustment measures taken by the Greek government in combinati...
The first act of the eurozone debt drama was about whether any European Union member country could e...
In updating their latest Commentary following the newly created €600 billion European Stabilisation ...
While acknowledging that the sustainability of sovereign debt is a serious issue that must be confro...
While acknowledging that Portugal is far from being in the same dire straits as Greece in terms of i...
After a decade of struggles, Daniel Gros urges eurozone leaders not to forget that predominantly dom...
The Conclusions of the European Council on 28-29 October 2010 suggest the need for further consultat...
Senior Associate Research Fellow Paul De Grauwe argues in this CEPS Commentary that the Greek debt c...
The euro area crisis exposed substantial structural flaws in the currency area’s architecture. Addre...
Highlights: • The European Union growth agenda has become even more pressing because growth is n...
This Policy Brief argues that some important considerations are missing in the current heated debate...
Lax financial conditions can foster credit booms. The global credit boom of the last decade led to l...
With Greece’s economy tanking again, the country’s government is convinced that it is the victim of ...
After the Greek public debt crisis and the bilateral loans to Greece from the other members of the E...
Four years ago – almost to the day – when the question of Greece’s debt sustainability was being int...