debt and banking crisis. Furthermore, the high sovereign debts in the euro area may threaten economic development and …. Therefore, financial repression is not a “cure” for the high public debts amassed in the euro area during the recent sovereign …

Immediately after the financial market crisis of 2008/2009 many politicians and economists insisted on a stricter … legislation will not succeed in making the global financial system crisis-proof as a number of problems such as global imbalances …

The protracted recession in the euro area will continue to be a drag on the economic growth of most CESEE countries in … euro area and the sluggish progress on the part of its policy-makers in adequately addressing the structural roots of the … crisis. At the same time, the private sector demand in the CESEE countries is unlikely to recover substantially in the near …