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The Year the European Crisis Ended

The Year the European Crisis Ended

Erik Jones
0/5 ( ratings)
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The European crisis came to an end when first political leaders and then the European Central Bank promised to do whatever it takes to safeguard the euro. Specifically they committed to create a European banking union and to buy unlimited amounts of sovereign debt in distressed markets for governments that made a binding commitment to reform. Markets were initially sceptical and yet ultimately persuaded by the commitment of European elites. Events in Italy and Cyprus threatened to return Europe to crisis and yet were ultimately managed without major turmoil. Somehow along the way, however, the desire of European elites to do whatever is necessary began to waver and their commitment to banking union diminished. The European crisis has ended but Europe is not yet resilient enough to ensure that it will not recur.
Pages
144
Format
Hardcover
Publisher
Palgrave Pivot
Release
May 29, 2014
ISBN
1137451106
ISBN 13
9781137451101

The Year the European Crisis Ended

Erik Jones
0/5 ( ratings)
Read Download
The European crisis came to an end when first political leaders and then the European Central Bank promised to do whatever it takes to safeguard the euro. Specifically they committed to create a European banking union and to buy unlimited amounts of sovereign debt in distressed markets for governments that made a binding commitment to reform. Markets were initially sceptical and yet ultimately persuaded by the commitment of European elites. Events in Italy and Cyprus threatened to return Europe to crisis and yet were ultimately managed without major turmoil. Somehow along the way, however, the desire of European elites to do whatever is necessary began to waver and their commitment to banking union diminished. The European crisis has ended but Europe is not yet resilient enough to ensure that it will not recur.
Pages
144
Format
Hardcover
Publisher
Palgrave Pivot
Release
May 29, 2014
ISBN
1137451106
ISBN 13
9781137451101

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