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ESADEgeo - POSITION PAPER: Euro Zone Crisis. Diagnosis and Likely Solutions

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Information about ESADEgeo - POSITION PAPER: Euro Zone Crisis. Diagnosis and Likely Solutions
Finance

Published on March 2, 2014

Author: ESADE

Source: slideshare.net

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Author: Fernando Ballabriga
ESADEgeo - February 2014

Southern euro countries are in a situation of vulnerability due to three factors: their high debt levels, their eroded competitiveness and their difficulties to restart growth. Together, these factors generate a vicious circle which is difficult to exit and which can even degenerate into a self-fulfilling economic downward spiral. This policy brief provides a short guiding tour to the euro zone crisis. It looks at the current situation, the full context conditioning the solutions to the situation, how we got here, and the possible way out. The latter section outlines a set of minimum steps required to make the euro sustainable.
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