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Keyword: eurozone crisis ×Clear all

3 claims from 1 paper

1. Economics, Econometrics and Finance › European Monetary and Fiscal Policies

   The European Sovereign Debt Crisis

   Lane · The Journal of Economic Perspectives · 2012

   Unchecked3 claims
   Show 3 claims

   1. Unchecked“The origin and propagation of the European sovereign debt crisis can be attributed to the flawed original design of the euro.”
   2. Unchecked“In particular, there was an incomplete understanding of the fragility of a monetary union under crisis conditions, especially in the absence of banking union and other European-level buffer mechanisms.”
   3. Unchecked“Moreover, the inherent messiness involved in proposing and implementing incremental multicountry crisis management responses on the fly has been an important destabilizing factor throughout the crisis.”