Sovereign debt, bailouts and contagion in the Eurozone
Michal Kobielarz, Burak Uras & Sylvester Eijffinger. The Eurozone Crisis has been characterised by a sharp rise in sovereign interest rates in peripheral countries. The re-emergence of spreads between peripheral and core Eurozone countries at the start of the Greek crisis came after a decade of homogeneous interest rates in the monetary union. This column […]