Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/108220
Authors: 
Darvas, Zsolt
Pisani-Ferry, Jean
Sapir, André
Year of Publication: 
2011
Series/Report no.: 
IEHAS Discussion Papers MT-DP - 2011/10
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.
Subjects: 
fiscal sustainability
euro-area crisis
financial interdependence
JEL: 
F34
E60
H63
ISBN: 
978-615-5024-41-2
Document Type: 
Working Paper

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