European Parliament Library

Euro Area Policies :, 2012 Article IV Consultation: Selected Issues Paper

This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various stages of the banking and sovereign crisis since the Summer of 2011. It also characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de-integration within the euro area
Table Of Contents
Cover; Contents; I. The Eurozone Crisis and the Sovereign-Bank Nexus: The Case for a Eurozone Banking Union; A. Introduction; B. The Eurozone Crisis (July 2011-June 2012); Figure 1. Banking and Sovereign Stress; C. Downward Spirals at the National Level; D. Financial Fragmentation of the EMU; E. Main Elements of a Eurozone Banking Union; F. Conclusions; Boxes; 1. Sources of Banking Stress July 2011-June 2012; 2. Event Study: Bankia and Spanish Sovereign Borrowing Costs; II. Fiscal Integration in the Euro Area; A. The Case for Fiscal Integration in the Euro Area; Figures
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (60 p.)
Specific Material Designation
Form Of Item

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