A mechanism of self-destruction of the eurozone

de Grauwe, Paul

(2010) A mechanism of self-destruction of the eurozone Technical Report. Centre for European Policy Studies, Brussels, Belgium.

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Drawing an analogy with the ill-fated Exchange Rate Mechanism (ERM) of the pre-eurozone era, Paul De Grauwe argues in a new CEPS Commentary that the creation of a sovereign debt default mechanism is a very bad decision that will make the eurozone more fragile by making financial crises an endemic feature.

Item Type	Report (Technical Report)
Copyright holders	© 2010 Centre for European Policy Studies
Departments	European Institute
Date Deposited	08 Oct 2012 09:48
URI	https://researchonline.lse.ac.uk/id/eprint/46646

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de Grauwe, Paul

http://www.lse.ac.uk/european-institute/people/academic-staff/de-grauwe-paul.aspx (Author)
http://www.ceps.eu/book/mechanism-self-destruction-eurozone (Publisher)
http://www.ceps.eu/ (Official URL)

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