A Comprehensive Approach to the Euro-Area Debt Crisis

Zsolt Darvas, Jean Pisani-Ferry () and Andre Sapir

No 1101, Working Papers from Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest

Abstract: The euro area’s sovereign debt crisis continues though significant steps have been taken to resolve it. This paper proposes a comprehensive solution to the crisis based on three pillars: a plan to restore banking sector soundness in the whole euro area, a resolution of sovereign debt crisis - including a revision of EU assistance facilities and a reduction of the Greek public debt - and a strategy to foster growth and competitiveness. The paper provides novel estimates and analysis focusing on the current situation of Greece, Ireland, Portugal and Spain.

Keywords: fiscal sustainability; euro-area crisis; financial interdependence (search for similar items in EconPapers)
JEL-codes: E60 F34 H63 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011-02
New Economics Papers: this item is included in nep-cba and nep-eec
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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http://web.uni-corvinus.hu/matkg/working_papers/wp ... isaniferry_sapir.pdf (application/pdf)

Related works:
Working Paper: A comprehensive approach to the euro-area debt crisis (2011)
Working Paper: A Comprehensive Approach to the Euro-Area Debt Crisis (2011)
Working Paper: A Comprehensive Approach to the Euro-Area Debt Crisis (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:mkg:wpaper:1101

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