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Euro-area governance- what to reform and how to do it

Andre Sapir () and Guntram Wolff

Policy Briefs from Bruegel

Abstract: The Issue Reform of the governance of the euro area is being held back by disagreement on what is at the root of the euro area’s woes. Pre-crisis, the euro area suffered from the built-up of financial imbalances, price and wage divergence and an insufficient focus on debt sustainability. During the crisis, the main problems were slow resolution of banking problems, an inadequate fiscal policy stance in 2011-13 for the...

Date: 2015-02
New Economics Papers: this item is included in nep-eec and nep-mfd
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