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Euro Area Policies: 2012 Article IV Consultation : Selected Issues Paper

Published: July 18, 2012
Electronic Access: Free Full Text (PDF file size is 1,303KB)
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Summary: This 2012 Article IV Consultation—Selected Issues Paper on Euro Area Policies argues that the creation of a common eurozone financial stability architecture is an immediate priority to restore the viability of the Economic and Monetary Union. The paper presents a narrative of the various stages of the banking and sovereign crisis since the Summer of 2011. It also characterizes the downward spirals at play in periphery euro area countries and describes the process of financial de-integration within the euro area.
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Series: Country Report No. 12/182
Subject(s): Bank soundness | Bonds | Budgetary policy | Euro Area | Fiscal consolidation | Governance | Sovereign debt
    Published:   July 18, 2012        
    ISBN/ISSN:   9781475505788/1934-7685   Format:   Paper
    Stock No:   1EUREA2012002   Pages:   58
    Price:   US$18.00
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