Private sector involvement and lender of last resort in the Euro area: the impossible duality?

Posts for category: Blog

November 27, 2011

The Euro-zone in crisis: Assessing the macro impact based on hard numbers.

The on-going debate on the euro-zone crisis mostly fails to disseminate hard numbers so that the order of magnitude of the problem gets lost. The following tables display the cost of planned haircuts on peripherals for all EU countries, first in percentage of GDP and next in percentage of current tax revenues. Admittedly, Greece, Portugal […]

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