Ã?ric Monnet; Pagliari, Stefano; Vallée, Shahin - Bruegel - 2014
well as sovereign debt. This structural feature of European financial systems, gives to banks rather than other financial … debt markets in the euro area 27 have all contributed to put sovereign debt markets under strain and forced governments to …-EMU situation. Among countries of the euro area, only Spain has today a level of sovereign debt held by residents (including central …