Europe’s Vicious Spirals
Eichengreen, Barry. The euro crisis shows no signs of letting up. While 2011 was supposed to be the year when European leaders finally got a grip on events, the eurozone’s problems went from bad to worse. What had been a Greek crisis became a southern European crisis and then a pan-European crisis. Indeed, by the […]
The ten roots of the euro crisis
Darvas, Zsolt. On 9 December 2011 euro-area leaders once again gathered in an attempt to find a comprehensive solution for the euro-area sovereign debt and banking problems – but once again they failed to convince markets. Why is it so hard to overcome the current crisis? The answer is that the euro area has deep-rooted […]