Beck, Thorsten, Uhlig, Harald & Wagner, Wolf.
While almost everyone is agreed that the Eurozone is in crisis, there is much less agreement about how to stop it. This column argues that policymakers should move beyond the current proposal for Eurobonds – something the authors label as “economically wrong and politically indefensible”. Instead, they call for “synthetic Eurobonds” that would insulate the financial sector – and much of the economy – from the current debt crisis.
Πηγή: Voxeu