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This book presents an overview of the economics and politics implemented in the European Union and especially the Eurozone during the crisis of 2008-2012. Although it focuses on these four years, the analysis starts from the establishment of the European Union and covers the period up to the...
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, Portugal, and Cyprus as well as helping to monitor Spain's adjustment program and exploring modalities for supporting Italy … segments of its membership. The crisis programs, with Greece, Ireland, Portugal and Cyprus, all revolved around debt … Portugal, the IMF pushed for debt reduction, to which the government in Ireland but not in Portugal was sympathetic. There was …
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This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality....
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This paper studies the effects of ECB communications about unconventional monetary policy operations on the perceived sovereign risk of Italy over the last five years. More than fifty events concerning non-standard operations are identified and classified with respect to the specific ECB...
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