How the euro can break from its crisis cycle
Garicano, L.
, H. Cochrane, J. & Masuch, K.
(10 June 2025)
How the euro can break from its crisis cycle.
LSE European Politics and Policy (EUROPP) blog.
, H. Cochrane, J. & Masuch, K.
(10 June 2025)
How the euro can break from its crisis cycle.
LSE European Politics and Policy (EUROPP) blog.
European Central Bank intervention has been critical to fighting the multiple crises that have hit the euro over the last two decades. Yet as John H. Cochrane, Luis Garicano and Klaus Masuch explain, the expectation that the ECB will intervene routinely has locked the euro into a crisis cycle that now risks spiralling out of control.