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N° 300 |
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| June 28, 2010 |
| Eurozone Crisis: Debts, Institutions and Growth |
Agnès Bénassy-Quéré
Laurence Boone |
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| The Eurozone crisis is much more than a sovereign debt crisis. It calls into question the whole architecture of economic
policy, from monetary policy to macroeconomic surveillance and sanctions. Beyond the short-run urgencies, EU members
need to come out with a clear view of what kind of coordination device they want to invent. There are several routes
forward, but failing to select one could contribute to marginalizing the Eurozone in the global economy. |
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