Euro Area Policies: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries

July 21, 2010

Preview Citation

Format: Chicago

Euro Area Policies: 2010 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Member Countries, (USA: International Monetary Fund, 2010) accessed November 23, 2024

Summary

The EU crisis was caused by unsustainable policies in some member countries, and has put the spotlight on the deficiency of area-wide mechanisms in disciplining fiscal and structural policies. Despite a strong and far-reaching policy response, market confidence will take time to restore. Fiscal sustainability needs to be established. Growth needs to be boosted through swift implementation of structural reforms. The resilience of the banking system must be improved and its stability assured. Progress in building the EU’s financial stability architecture should be pursued.

Subject: Bank credit, Banking, Commercial banks, Financial crises, Financial institutions, Inflation, Money, Prices, Public debt

Keywords: Bank credit, CDS premium, Commercial banks, Consumer confidence confidence index, CR, ECB financing facilities, ECB governance proposal, EFSF framework agreement, Euro, Europe, European financial stability facility, Global, Inflation, ISCR

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/221
Stock No:

1EUREA2010001
ISBN:

9781455205790
ISSN:

1934-7685

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