A service of the

Download article as PDF

In the past few years and months, a number of subsequent shocks have hit the European economies. A combination of high levels of public debt, stagflation as well as the announcement of a joint return to contractionary monetary and fiscal policy could be a challenge for the Economic and Monetary Union given that interest rates on government bonds, in particular in southern Europe, increased substantially in recent weeks. This Forum takes a look at the factors that have contributed to the recent return of interest rate spreads, analyses the new developments in macroeconomic aggregates and considers how the EU should respond to the emerging crisis.

  • Towards a New Euro Crisis?

    Paul De Grauwe, London School of Economics and Political Science

    Read PDF

  • The Euro Area in Between Crises? Considerations on Fiscal Policies and Rules

    Christina Checherita-Westphal, European Central Bank
    Sebastian Hauptmeier, European Central Bank
    Nadine Leiner-Killinger, European Central Bank

    Read PDF

  • The Euro Area Periphery Debt Conundrum

    Robin Brooks, Institute of International Finance
    Jonathan Pingle, Institute of International Finance

    Read PDF

  • Euro Conditionality Hinges on Positive Convergence

    Michala Marcussen, Société Générale

    Read PDF

© The Author(s) 2022

Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/).

Open Access funding provided by ZBW – Leibniz Information Centre for Economics.

DOI: 10.1007/s10272-022-1077-y

Search results on EconBiz

Show all results