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An effective economic response to the coronavirus in Europe

Demertzis, Maria; Sapir, André; Tagliapietra, Simone; … - 2020

The COVID-19 pandemic represents a major shock to the global and European economy. Most European countries will need to take bold quarantine and lock-down measures, as has been done in Italy, to prevent an explosion of the epidemic which would lead to many deaths and the collapse of healthcare...

Persistent link: https://www.econbiz.de/10012200610

State contingent debt as insurance for euro-area sovereigns

Demertzis, Maria; Zenios, Stauros Andrea - 2018

The euro-area sovereign debt crisis is receding. Europe is on a recovery path, growth is broad-based and unemployment is falling. One after the other, countries hit hardest by the crisis are exiting their adjustment programmes. However, debt remains high in most countries and future debt crises...

Persistent link: https://www.econbiz.de/10011884682

Europe's role in North Africa : development, investment and migration

Dadush, Uri; Demertzis, Maria; Wolff, Guntram B. - 2017

Africa’s population is projected to reach almost 2.5 billion by 2050. Migration from Africa to the EU is relatively … stable, at around 500,000 migrants per year, or 0.1 percent of the EU population, yet irregular immigration into the EU has … make them natural partners for the EU. The region is diverse but political instability has been a common feature that in …

Persistent link: https://www.econbiz.de/10011738260

Tackling Europe's crisis legacy : a comprehensive strategy for bad loans and debt restructuring

Demertzis, Maria; Lehmann, Alex - 2017

Eight years after the start of Europe’s financial crisis, the legacy of non-performing loans and excessive private debt remains a key obstacle to the recovery of bank credit and investment. The efforts to reduce and remove NPLs from the balance sheets of creditors must simultaneously remove...

Persistent link: https://www.econbiz.de/10011738285