We analyse the background of the Greek debt crisis and evaluate the three Greek financial assistance programme. The …

determinants of the deep out-of-the-money euro put option prices, which embedded information on the euro crash risk during the … and heightened volatility in its currency. This paper shows that not only the creditworthiness of the euro-area countries … sovereign debt crisis of 2009–2010. We also find evidence of information flow from the sovereign credit default swap market to …

Eurozone leaderships do not yet seem ready deal decisively with the sovereign debt crisis. In some respects, however …, the cure may turn out to be worse than the disease - imposing a virtually colonial regime on the weaker economies. Germany …

This paper asserts that the contagion currently afflicting sovereign bond markets in the eurozone can only be stopped … contagion in the eurozone's sovereign bond markets have not been stopped …

As EU leaders muddle through the Eurozone crisis, the debate about its root causes continues. CEPS Director Daniel Gros …, external debt is the key to the turmoil in European economies and that the focus on total public debt is therefore misleading …