Euro or not? Early lessons from the crisis (by Ch. Wyplosz, pp. 1-4) Keywords euro, EU, crisis Countries covered …

have the potential to spur subsequent private investment, improving growth prospects in the euro area, the CESEE economies …

have the potential to spur subsequent private investment, improving growth prospects in the euro area, the CESEE economies …

programme 'go international') Zusammenfassung Die im August 2007 ausgebrochene Finanzkrise erfüllt alle Kriterien einer … Unterstützungsmaßnahmen in den USA und im Euro-Raum konnten bislang die am Interbankenmarkt entstandene Liquiditätskrise nicht beenden … global agierende Banken. Langfristig werden Länder mit großer Exportabhängigkeit von den USA oder dem Euro-Raum auch unter …

External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and …’ regulations/directives enacted ‘in Brussels’. The economic crisis in the euro area is perceived as being primarily about possible … insolvencies of peripheral euro area countries. The range of possibilities opened up by sovereign insolvencies is vast. However, a …

Summary The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE … in the euro area and the sluggish progress on the part of its policy-makers in adequately addressing the structural roots … the euro area. These are the main results of the newly released medium-term growth forecast for the region by the Vienna …