Crisis in the Eurozone and how to Deal with It

CEPS Policy Brief No. 204

6 Pages Posted: 14 May 2010

See all articles by Paul De Grauwe

Paul De Grauwe

CESifo (Center for Economic Studies and Ifo Institute for Economic Research); London School of Economics & Political Science (LSE); Centre for Economic Policy Research (CEPR)

Date Written: February 15, 2010

Abstract

In concise, non-technical terms, Paul De Grauwe, Professor of Economics at Leuven University and Senior Associate Research Fellow at CEPS, explains how the current financial crisis in the eurozone developed, distinguishing in turn the three main actors that have played a major role: Greece, the financial markets (including the rating agencies) and the eurozone authorities. While acknowledging that a grand plan for more intense political union in the eurozone does not seem possible, he further outlines smaller, but focused steps that could be taken towards such a future union.

Keywords: financial crisis, eurozone, Greece, financial markets

Suggested Citation

De Grauwe, Paul and De Grauwe, Paul, Crisis in the Eurozone and how to Deal with It (February 15, 2010). CEPS Policy Brief No. 204, Available at SSRN: https://ssrn.com/abstract=1604453

Paul De Grauwe (Contact Author)

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5
Munich, DE-81679
Germany

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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