Veron, Nicolas, Zettelmeyer, Jeromin, (2017), “A European perspective on overindebtedness”, Bruegel, 28 Σεπτεμβρίου
The sequence of crisis and policy responses after mid-2007 was a gradual recognition of the unsustainability of the euro-area policy framework. The bank-sovereign vicious circle was first observed in 2009 and became widely acknowledged in the course of 2011 and early 2012. The most impactful initiative has been the initiation of a banking union in mid-2012, but this remains incomplete and needs strengthening.
Σχετικές Αναρτήσεις
- Papaspyrou, Theodoros, S., (2017), «A new approach to governance and integration in EMU for an optimal use of economic policy framework – priority to financial union», Bank of Greece Working Paper 229, Ιούνιος
- Beynet, Pierre, (2017), «Solving Non-Performing Loans in Europe to speed up the recovery», OECD ECOSCOPE, 23 Μαΐου