The Euro Sovereign Debt Crisis and the Built-in Instability of the Euro

Radu Vranceanu (1)

1 ESSEC Business School

This policy paper aims at presenting the key facts related to the Euro sovereign debt crisis that occurred in the interval 2010-2012. It points out some main coordination failures that are at the origin of the crisis, and comments on the effectiveness of various stabilization measures undertook by governments and the EU institutions.

Mots clés: Euro sovereign debt crisis; ECB; EU; coordination failure; illiquidity; fiscal and monetary policy

Domaines: Economies et finances

Radu Vranceanu. The Euro Sovereign Debt Crisis and the Built-in Instability of the Euro. 2013. ⟨hal-00766691v2⟩