Snower, Dennis J.; Burmeister, Johannes; Seidel, Moritz - Institut für Weltwirtschaft (IfW) - 2011
The Eurozone faces a fourfold challenge: (1) fiscal support: to provide a credible mechanism for supporting countries with high and rapidly rising national debt and high borrowing costs; (2) fiscal responsibility: to ensure that all member states of the Eurozone credibly commit to sustainable...