Section: Euro crisis | European Economic Integration

Section outline

Reference: Chapter 19 [BW]
- Select activity EU crisis
  
  EU crisis File
- Select activity Self-test questions
  
  Self-test questions URL
- Select activity EU sovereign debt crisis: Different views
  
  EU sovereign debt crisis: Different views File
- Select activity European government bond spreads in the current crisis
  
  European government bond spreads in the current crisis URL
  
  Jürgen von Hagen, Ludger Schuknecht, Guido Wolswijk 21 December 2009
  Spreads on government bonds in the EU15 have risen dramatically since the Lehman default in September 2008. This column shows that financial markets’ reactions were not random but rather reflect an intensification of risk concerns, especially regarding the state of public finances. German bonds have acquired a ‘safe-haven' status that they did not have before.
- Select activity The Eurozone crisis: Fiscal fragility, external imbalances, or both?
  
  The Eurozone crisis: Fiscal fragility, external imbalances, or both? URL
  
  Pietro Alessandrini, Andrew Hughes Hallett, Andrea F Presbitero, Michele Fratianni 16 May 2012
  Unsustainable debt along Europe’s periphery is bringing the euro to breaking point. But this column argues that this is not simply the result of fiscal ill-discipline. After 2010, the Eurozone crisis went from a fiscal crisis to a balance-of-payments crisis – with different prescriptions for policy.
- Select activity Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative
  
  Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative URL
  
  Rebooting Consensus Authors 20 November 2015
  The Eurozone needs fixing, but it is impossible to agree upon the steps to be taken without agreement on what went wrong. This column introduces a new CEPR Policy Insight that presents a consensus-narrative of the causes of the EZ Crisis. It was authored by a dozen leading economists from across the spectrum. The consensus narrative is supported by a long and growing list of economists.
- Select activity The Eurozone crisis: A consensus view of the causes and a few possible solutions
  
  The Eurozone crisis: A consensus view of the causes and a few possible solutions URL
  
  Richard Baldwin, Francesco Giavazzi 07 September 2015
  This chapter introduces the eBook "The Eurozone Crisis: A Consensus View of the Causes" and extracts a consensus narrative of the EZ Crisis.
- Select activity The lessons of the North Atlantic crisis for economic theory and policy
  
  The lessons of the North Atlantic crisis for economic theory and policy URL
  
  Joseph Stiglitz 09 May 2013
  The world has seen a hundred financial crises in the past three decades. In this column, Nobelist Joe Stiglitz argues that we could have done much more to prevent this crisis and to mitigate its effects. Looking ahead, we can do much more to prevent the next one. This is a chance to revolutionise flawed economic models, and perhaps exit from an interminable cycle of crises.