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The Euro Crisis and Its Aftermath
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The Euro Crisis and Its Aftermath

Jean Pisani-Ferry

Abstract

This book explores roots, causes, consequences and solutions to the euro crisis that began in late 2009 and has since been affecting the countries of the Eurozone. It discusses the creation of the euro and why its original design paved the way for the sovereign debt crisis. It also explains how economic forces and decisions by Eurozone policymakers turned the crisis that started in Greece into a full-fledged debt, banking, growth and competitiveness crisis. It examines the dynamics of sovereign debt crises, and the measures adopted by the European Central Bank (ECB) and Eurozone policymakers t ... More

Keywords: euro crisis, banking, government debt, European Central Bank, Greece, European Union, monetary union, fiscal compact, banking union, governance, Eurobond, debt restructuring, austerity

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780199993338
Published to Oxford Scholarship Online: May 2014 DOI:10.1093/acprof:oso/9780199993338.001.0001

Authors

Affiliations are at time of print publication.

Jean Pisani-Ferry, author
Professor of Economics at Universiti Paris-Dauphine, Paris