Unlike the crisis years of 2007-2009 (when the insolvency of large banks was a major problem), the current round of the … global financial crisis has fiscal origins. Almost all developed countries suffer from an excessive public debt burden that … has been built up over the last two decades or more. The financial crisis caused a further deterioration of government …

Emerging countries in many cases are more crisis-prone than highly developed industrialized countries. This is in many … cases due to a weak or volatile financial sector. The best policy to strengthen crisis resistance is the building up of a … sound financial position. A sound financial position of a country also increases the capacities to get out of a crisis. For …

have increased the risk of sovereign debt crises. Although crisis prevention remains paramount, these developments have … made it imperative to re-examine the adequacy of the current toolkit for crisis management and resolution, in a context …

Between the start of the economic and financial crisis in 2008, and early 2010, almost four million jobs were lost in … and remains at around three million workers below the pre-crisis level. However, in comparison with the severity of the … labour hoarding in several euro area countries. While the crisis has, so far, had a more limited or shorter-lived impact in …

recent crisis using some stylised facts on changing output and employment struc-tures at detailed sectoral level. Focusing … differentiated impact of the recent crisis on struc-tural shifts in their economy. We start with stylised facts related to output and … (or divergence) of the New EU Member States (NMS) compared to the more advanced 'old' EU countries (OMS) during the crisis …

The eurozone remains in a deep, largely macro-economic crisis. A robust global economy and falling oil prices have … crisis by means of more decisive action. One response, the recent easing of monetary policy by the European Central Bank (ECB …