Titlebook: Walking the Highwire; Rebalancing the Euro Olli Rehn Book 20201st edition The Editor(s) (if applicable) and The Author(s), under exclusive

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Deauville Doomsday and Voldemort in Irelandthe public economy to its knees. By autumn 2010, Ireland’s economic state was bleak to begin with, but it soon turned even more horrendous. This was due to the weekend meeting in mid-October by German and French leaders in the coastal town of Deauville, which decided to set private sector involvemen

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Comprehensive Crisis Responsecratic. The Commission was preparing a systemic response. It was high time to begin correcting the systemic shortcomings of the euro by strengthening the economic union and by creating of a permanent stability fund. These came together under the working title “Comprehensive Crisis Response”, thus na

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先兆

Summertime Blues in Italyin July 2011. The uncertainty surrounding Greece, obstacles to the Portuguese programme, Italy’s stalling reforms and the crumbling credibility of the bank stress tests amplified the distrust that drew Italy and Spain towards the edge of the cliff. The debt crisis had turned to a . crisis—it was a t

extract

Summertime Blues in Italyin July 2011. The uncertainty surrounding Greece, obstacles to the Portuguese programme, Italy’s stalling reforms and the crumbling credibility of the bank stress tests amplified the distrust that drew Italy and Spain towards the edge of the cliff. The debt crisis had turned to a . crisis—it was a t

訓(xùn)誡

The Hour of Obama—And Don Camilloabout larger than assumed gaps in the capitalization of European banks, which gave the markets a new reason to be scared. In October, disconcerting news emerged on the Spanish government finances and the banking sector. Furthermore, Italy faced rising yields particularly until Monti’s government too

密切關(guān)系

The Hour of Obama—And Don Camilloabout larger than assumed gaps in the capitalization of European banks, which gave the markets a new reason to be scared. In October, disconcerting news emerged on the Spanish government finances and the banking sector. Furthermore, Italy faced rising yields particularly until Monti’s government too

abysmal

Flexing the Six-Packs the economic reformer. One of the lessons of Erhard is that governance and growth are intertwined. Thanks to the reform of economic governance in 2010–2013, the Eurozone has been able to significantly improve its public finances by reducing fiscal deficits. The Eurozone now in principle has the ne

預(yù)感

Flexing the Six-Packs the economic reformer. One of the lessons of Erhard is that governance and growth are intertwined. Thanks to the reform of economic governance in 2010–2013, the Eurozone has been able to significantly improve its public finances by reducing fiscal deficits. The Eurozone now in principle has the ne

打擊

Gasp of Air Before the Plunge the long political vacuum, implementation of the Greek programme was halted for months in spring 2012, as there was no functioning government, and the administration was not very operable. Usually in a severe crisis in small states, a necessary national consensus is found to overcome the crisis, bu