№274. An agenda for the European Council. Feasible steps to bring the eurozone back from the precipice
№274. An agenda for the European Council. Feasible steps to bring the eurozone back from the precipice

Author(s): Stefano Micossi
Subject(s): Economic policy, Government/Political systems, EU-Accession / EU-DEvelopment, Financial Markets
Published by: CEPS Centre for European Policy Studies
Keywords: European Council; Eurozone; GDP; Monetary policy; Bank restructuring and banking union;
Summary/Abstract: Once again the European Council will meetin an emergency session at the end of June, with the eurozone economy inrecession and actually plummeting in its Southern periphery. Further doubts are also growing on the sustainability of sovereign debts due to the vicious spiral of deteriorating bank balance sheets, ballooning potential liabilities from banking rescues and widening spreads on government borrowings.

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