Euro Area Policies: Staff Report for the 2012 Article IV Consultation with Member Countries
July 18, 2012
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The 2012 Article IV Consultation report on euro area policies highlights that investors are withholding funding from member states most in need, moving capital “north” and abroad to perceived safer assets. Executive Directors have noted that the euro area continues to face a number of economic challenges amid increasing financial stresses and market fragmentation. Directors have also stressed that it is important that policymakers continue to demonstrate shared and unequivocal commitment—with a clear, credible roadmap—to a deeper integration of the euro area.
Subject: Bank credit, Banking, Deposit insurance, Economic integration, Fiscal consolidation, Fiscal policy, Fiscal union, Inflation, Monetary unions, Money, Prices
Keywords: Bank credit, CR, ECB data, ESM framework, ESM resource, euro, Euro Area authorities, Euro Area recommendation, Europe, european financial stability facility, Fiscal consolidation, Fiscal union, Global, growth, headline inflation, Inflation, ISCR, Monetary unions, rate
Pages:
52
Volume:
2012
DOI:
Issue:
181
Series:
Country Report No. 2012/181
Stock No:
1EUREA2012001
ISBN:
9781475505771
ISSN:
1934-7685
