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A European mechanism for sovereign debt crisis resolution- a proposal

Juergen von Hagen (), Jean Pisani-Ferry (), Andre Sapir (), Francois Gianviti and Anne O. Krueger

in Blueprints from Bruegel

Abstract: This Bruegel Blueprint argues that Europe should take the lead in defining a solution to the problem of excessive public debts and create a European Crisis Resolution Mechanism (ECRM).The authors, Francois Gianviti, Anne O. Krueger, Jean Pisani-Ferry, André Sapir and Jürgen von Hagen, present the rationale for such a mechanism in the euro area and details of how an ECRM would work. The ECRM would be a permanent tool to...

Date: Written 2010-11 Originally published 2010-11.
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Working Paper: A European Mechanism for Sovereign Debt Crisis Resolution: A Proposal (2010)
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