Bijlsma, Michiel and Vallee, Shahin (2012) Currency risks have turned into default risks: to prevent such defaults, the Eurozone area must have a strong financial safety net. LSE European Politics and Policy (EUROPP) Blog (09 Jul 2012) Blog Entry.
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In recent years, Eurozone governments have developed safety nets to deal with the economic and financial crisis, but these have been developed in a trial and error fashion. Michiel Bijlsma and Shahin Vallee argue that we must build on the current European Financial Stability Facility and the European Stability Mechanism with further policies that will help to resolve the banking crisis, by issuing common debt (Eurobonds), and by promoting the idea of fiscal transfers within the EU.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2012 The Author|
|Library of Congress subject classification:||H Social Sciences > HB Economic Theory
J Political Science > JN Political institutions (Europe)
|Journal of Economic Literature Classification System:||F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
|Sets:||Collections > Economists Online
Collections > LSE European Politics and Policy (EUROPP) Blog
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