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We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …
Persistent link: https://www.econbiz.de/10011446695
As EU leaders muddle through the Eurozone crisis, the debate about its root causes continues. CEPS Director Daniel Gros argues in this Policy Brief that the debate is important if we are to understand how to prevent future crises. In his view, external debt is the key to the turmoil in European...
Persistent link: https://www.econbiz.de/10013121983
We analyze the benefits and costs of a non-euro country opting-in to the banking union. The decision to opt-in depends …, non-euro countries participating in the banking union will not be on equal footing with euro area members. Analysis …-capitalized backstops is established it may be optimal for a non-euro country to join the banking union upon the euro adoption. Assessing …
Persistent link: https://www.econbiz.de/10011575977
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of deeper European integration: the euro. The German Allensbach Institute, which conducts public opinion poll research …, showed that levels of trust in the euro started to decline in April 2010, and more recently, other publications claim that an … overwhelming majority of German citizens have lost trust in the euro.In contrast, Daniel Gros, CEPS Director, and Felix Roth …
Persistent link: https://www.econbiz.de/10013111532
Despite cobbling together an impressive $1 trillion rescue package for countries with potential funding problems, the threat of a disorderly default still looms over the eurozone, creating systemic financial instability at the EU and possibly global level. Against this background, Daniel Gros...
Persistent link: https://www.econbiz.de/10013143060
The turmoil affecting southern euro area countries (notably Greece) has ushered in the second phase of the financial … of euro area countries in an orderly way …
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