Author (Person) | Carmassi, Jacopo, Micossi, Stefano |
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Publisher | Centre for European Policy Studies [CEPS] |
Series Title | CEPS Policy Briefs, EuropEos Commentary |
Series Details | Number 4 |
Publication Date | 21/06/2010 |
Content Type | Research Paper |
Abstract: While acknowledging that the sustainability of sovereign debt is a serious issue that must be confronted, this EuropEos Commentary finds that financial markets have blown the problem completely out of proportion, leading to a full-scale confidence crisis. The authors present evidence suggesting that politicians’ public disagreements and careless statements at critical junctures may have added oil to incipient fire. By creating the impression that domestic political interests would take precedence over orderly management of the Greek debt crisis, they raised broader doubts about their ability to address fundamental economic divergences within the area, which are the real source of debt sustainability problems in the medium term. |
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Source Link |
http://aei.pitt.edu/58437/
Alternative sources
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Subject Categories | Economic and Financial Affairs |
Subject Tags | European Debt Crisis |
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