Euro Area Policies: Selected Issues

Publication Date:

July 21, 2010

Electronic Access:

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Summary:

To reduce the negative effects of a bank-lending crunch on economic activity, adequate credit provision should be ensured. Further bank recapitalization, restructuring and consolidation of the banking sector, and regulatory reform decisions will reduce uncertainty. A long-lasting configuration of the euro-area’s fiscal architecture can be achieved by tightly coordinated reforms of national fiscal frameworks. Substantial benefits will emanate from deepening further structural reforms. Financial sector reform in the EU is proceeding at a rapid pace, and poses challenges and opportunities for the EU.

Series:

Country Report No. 2010/222

Subject:

English

Publication Date:

July 21, 2010

ISBN/ISSN:

9781455205806/1934-7685

Stock No:

1EUREA2010002

Pages:

45

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