de Grauwe, Paul (2012) As the Eurozone hangs on the precipice, the European Commission and the ECB must take swift action to remedy Europe’s deflationary spiral. British Politics and Policy at LSE (09 Jun 2012) Blog Entry.
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Paul De Grauwe argues that the ECB and the European Commission can no longer afford to sit on the sidelines while the stability Eurozone continues to be undermined by those who fear for its future. The ECB must step in to guarantee the bonds of solvent but illiquid countries, the European Commission must encourage surplus countries to spend to offset the southern countries’ deficits, and the Eurozone must take steps towards budgetary union.
|Item Type:||Website (Blog Entry)|
|Additional Information:||© 2012 The Author|
|Library of Congress subject classification:||J Political Science > JN Political institutions (Europe)|
|Sets:||Departments > European Institute
Collections > British Politics and Policy at LSE
|Date Deposited:||06 Feb 2013 16:55|
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