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competitiveness are not high on the agenda of the politicians responsible and their advisers, time to save the euro is running out. …
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. The most worrisome aspect is that the euro area appears to have stumbled into unconventional monetary policies that, once … started, will be difficult to exit. In the euro area, properly functioning financial markets are at risk. …
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The sharp widening of yield spreads among EMU sovereign bonds in the course of the economic crisis and concerns that some EMU member countries would encounter difficulties in rolling their existing debt and funding new budget deficits have revived proposals for a common bond issuance by EMU...
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euro area bond markets some six years after the euro area sovereign bond market crisis of 2009–2012. The main fi nding is … where the disruption originates. The core-periphery distinction identifi ed among the 11 euro area Member States during the … effects within the euro area sovereign bond market. An emphasis on the sustainability of national public fi nances remains …
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