Die Regierungen der Eurozone haben sich am 27. Oktober 2011 auf ein Paket zur Eindämmung der EU-Schuldenkrise geeinigt. Der europäische Rettungsschirm soll durch Hebelwirkung ein größeres Ausleihevolumen erhalten, die Banken ihre Eigenkapitalquote erhöhen und einen Forderungsverzicht...

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area in terms of reduced financing costs and bridge-financing. It is mindful of the legal issues that this will raise and that such a suggestion will be highly controversial....

The Van Rompuy Report and also additional proposals made by the European Commission outlined steps for a ‘genuine Economic and Monetary Union’. This article explains, assesses and comments on the proposals made. Moreover, it outlines what could be recommendations in order to achieve a...

This paper argues that using gold as collateral for highly distressed bonds would bring great benefits to the euro area in terms of reduced financing costs and bridge-financing. It is mindful of the legal issues that this will raise and that such a suggestion will be highly controversial....