Can the Eurozone Countries Still Live Together Happily Ever after?
CEPS Policy Briefs
9 Pages Posted: 4 Apr 2011
Date Written: March 21, 2011
Abstract
After the Greek public debt crisis and the bilateral loans to Greece from the other members of the European Monetary Union (EMU), in May 2010 the Ecofin Council launched the European Financial Stabilization Mechanism (EFSM). In June of the same year the EMU countries instituted the European Financial Stability Facility (EFSF). These two mechanisms, which are charged with providing support to EMU countries in “exceptional difficulty”, received their baptism of fire with Ireland in January 2011 and successfully made their first bond issue on the market.
Keywords: Greek, public debt, crisis, members, European Monetary Union, EMU, Concil, Stabilization, mechanism, countries, Ireland, issue, market
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Sovereign Rating News and Financial Markets Spillovers: Evidence from the European Debt Crisis
By Rabah Arezki, Bertrand Candelon, ...
-
A Less Punishing, More Forgiving Approach to the Debt Crisis in the Eurozone
-
Debt Reduction Without Default?
By Daniel Gros and Thomas Mayer
-
Treasury Inc.: How the Bailout Reshapes Corporate Theory and Practice
By J. W. Verret
-
Inner Meanings of Islamic Finance: Understanding the Theory Behind All Theories
-
La Gobernanza de una Frágil Eurozona (The Governance of a Fragile Eurozone)
By Paul Grauwe