Euro Area Policies: 2012 Article IV Consultation: Selected Issues Paper
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Summary:
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.
Series:
Country Report No. 2012/182
Subject:
Banking Bond yields Bonds Credit default swap Financial institutions Financial services Public debt Sovereign bonds Yield curve
English
Publication Date:
July 18, 2012
ISBN/ISSN:
9781475505788/1934-7685
Stock No:
1EUREA2012002
Pages:
58
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