Home > DocuBase > Article

« All DocuBase Articles

 

Wednesday, 15th February 2012

Escaping Europe’s Catch 22

Source: European Policy Centre

In early 2012 the situation looks better than it has for a while, but the crisis recovery still remains very fragile. In this EPC Commentary, Fabian Zuleeg and Janis A. Emmanouilidis argue that the euro zone is caught in a Catch 22, as multiple parallel crises often require contradictory responses. National reform efforts and fiscal prudence are indispensable but they do not produce a decisive break from the downward spiral.

In order to get ahead of the curve the authors argue that two key additional elements are required to change the tide: (1) a 'New Deal' based on investment rather than transfers to help kick-start growth, especially in the weakest economies; and (2) a temporary and partial collateralisation of debt, sending a strong signal to investors that euro countries are ready and willing to integrate further, which would boost confidence in the future of the common currency.

+ Direct link to document (PDF; 268 KB)


Category:

Source:


Having begun his career in academic libraries, Adrian Janes has subsequently worked extensively in public libraries, chiefly in enquiry work as an Information Services librarian. In this role he has had particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by FreePint in 2007, and has contributed articles to FreePint and ResourceShelf. He is involved in training in information literacy and the use of online reference resources.

A Contributing Editor to DocuTicker, he also write reviews for Pennyblackmusic.

More articles by Adrian Janes »



Please note: DocuTicker's editors collect citations for full-text PDF reports freely available on the web but we do not archive these reports. When you click a link to find and/or download the report, you are leaving the DocuTicker site. DocuTicker makes no representations regarding the ongoing availability of any report or any external resource. Links were accurate as of the date of posting.

« All DocuBase Articles







 

 
 
 

Article Categories

All Article Categories »

Sources

All DocuBase Sources »

Source Categories

All Source Categories »

Archive

All Archives »