We test the hypothesis that the government bond markets in the Eurozone are more fragile and more susceptible to self … countries in the Eurozone during 2010-11 was disconnected from underlying increases in the debt to GDP ratios and fiscal space … argue that this can drive member countries of the Eurozone into bad equilibria. We also find evidence that after years of …

This paper argues that the Eurozone crisis stems from a risk management failure in the Eurosystem's design, and that …

. While the Euro Crisis has its origin in Greece, problems have now spread to several other European countries as well …

German policy during the Eurozone crisis supposedly follows an ordoliberal tradition. In this paper, we discuss to what … economic constitution for Europe in which several pillars supposedly aim at ensuring sound money in the Eurozone. The policies … the German government pushed during the Eurozone crisis have been informed by the ordoliberal tradition. In particular …

of the restructuring left money on the table from the perspective of Greece, created a large risk for European taxpayers …