Eurozone rescue scheme not a quick fix

Agence France Presse (AFP), 06.12.2011

Quote

Link to original article


European leaders, under threat of debt downgrades across the eurozone, are rushing to deliver a credible remedy to the crisis this week but as time runs out analysts warn there will be no quick fix. [...]

Analysts say the ECB's intervention would give European leaders the breathing space they need to implement the politically-sensitive changes to the EU treaty.

"The ECB must effectively act as a 'lender of last resort' at least until more permanent arrangements are in place," Janis Emmanouilidis and Fabian Zuleeg, European Policy Centre think tank, wrote in a commentary.

"It is still possible to avert meltdown: but at a price. Not only will eurozone countries have to agree to 'more Europe' ... but they will also have to allow the ECB to step in to prevent immediate collapse," they wrote.

For the original article see here.


Latest media contributions

Rückenwind für Heiko Maas' Revolution
Quotes, Deutsche Welle, 09.06.2021

Pomysł Maasa. Odświeżanie sporów czy szansa na zmianę?
Quotes, Deutsche Welle (PL), 08.06.2021

Podcast EU Konkret aus Hamburg
Podcast, 20.05.2021

The COVID-19 challenges for the Conference on the Future of Europe
Online Policy Dialogue, YouTube, 19.05.2021

EPC Update – COVID-19 crisis | EU-UK relations | EU recovery plan | industrial strategy
Online Briefing, YouTube, 11.05.2021

Que faut-il attendre de la Conférence sur l'avenir de l'Europe qui sera lancée dimanche? L'objectif final reste flou
Quotes, La Libre (BE), 08.05.2021

EPC Update – digital green certificate | German & French elections | ratification EU-UK trade deal | Conference on the Future of Europe
Online Briefing, YouTube, 30.04.2021

EPC Update – rollout of vaccines | travel prospects | COVID-19 situation after the summer | wider neighbourhood – EU-Turkey, Russia, Iran
Online Briefing, YouTube, 19.04.2021

Beziehungsstatus: Es ist kompliziert
Quotes, Die Welt, 05.04.2021

Wie die Allianz Draghi-Macron Europa verändern könnte
Quotes, Die Welt, 05.04.2021


Media