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

EPC Update – analysis of EU Summit on 1/2 October
Online Briefing, YouTube, 02.10.2020

Ursula von der Leyen: Erste Rede zur Lage der Union
Interview, WDR 5 (German radio), 16.09.2020

"Eine Gesundheitsunion ist ein sehr ambitioniertes Ziel"
Interview, rbb (German radio), 16.09.2020

Ein ganz anderes Europa
Interview, tagesschau.de, 15.09.2020

Comment l'Europe tente de mettre fin au bazar des avis de voyage
Quotes, La Libre Belgique, 04.09.2020

EPC Update – analysis of ongoing COVID19 situation and state of affairs regarding Brexit
Online Briefing, YouTube, 04.09.2020

Les Etats-Unis d’Europe, un rêve encore lointain
Quotes, Capital (FR), 22.07.2020

Angela Merkel Guides the E.U. to a Deal, However Imperfect
Quotes, The New York Times, 21.07.2020

Charles Michel a trouvé la bonne méthode : "Le succès du Conseil européen, c’est aussi le sien"
Quotes, La Libre Belgique, 21.07.2020

EPC Update – analysis of ongoing negotiations on MFF & Recovery Package
Online Briefing, YouTube, 20.07.2020


Media