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, intervening heavily in the eurozone economies. This policy has generated substantial risks to both the ECB’s primary task and its …
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the bank has put its independence at risk. The bank’s vow to do “whatever it takes” to save the euro has added a second …
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First, we need to recall the initial objectives set for the euro and how these have changed over time, notably due to …
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The lesson from previous episodes of trade reform is in part a story of political framing as well as a story of compensatory deals. Countries can calculate that they might lose out on the solution to one of the issues but gain on another.
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Two recent proposals for overcoming the euro area crisis make the case for monetary financing of the public sector …
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