Arbeitspapier

A Comprehensive Approach to the Euro-Area Debt Crisis

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.

ISBN
978-615-5024-41-2
Language
Englisch

Bibliographic citation
Series: IEHAS Discussion Papers ; No. MT-DP - 2011/10

Classification
Wirtschaft
International Lending and Debt Problems
Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General
National Debt; Debt Management; Sovereign Debt
Subject
fiscal sustainability
euro-area crisis
financial interdependence
Öffentliche Schulden
Staatsbankrott
Bankenregulierung
Haushaltskonsolidierung
Finanzpolitik
Wirtschaftspolitik
Griechenland
Irland
Portugal
Spanien

Event
Geistige Schöpfung
(who)
Darvas, Zsolt
Pisani-Ferry, Jean
Sapir, André
Event
Veröffentlichung
(who)
Hungarian Academy of Sciences, Institute of Economics
(where)
Budapest
(when)
2011

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Darvas, Zsolt
  • Pisani-Ferry, Jean
  • Sapir, André
  • Hungarian Academy of Sciences, Institute of Economics

Time of origin

  • 2011

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