№260. Misguided policies risk breaking up the eurozone and the EU
№260. Misguided policies risk breaking up the eurozone and the EU

Author(s): Stefano Micossi
Subject(s): Economic policy, Government/Political systems, Comparative politics, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: CEPS Centre for European Policy Studies
Keywords: Eurozone; EU; Crisis management; Liquidity support and debt restructuring;
Summary/Abstract: I met Tommaso Padoa-Schioppa in the early 1970s as a new young professional in the Research Department of Banca d’Italia, where he was head of the monetary policy unit. Many of us newcomers, fresh from American graduate studies, were appalled by the Bank’s monetary approach, replete with quantitative controls and administrative measures to channel funds to an insatiable Treasury.

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