Since the beginning of this year, the Eurozone crisis has worsened. Despite notable efforts, the June European summit has not succeeded in restoring confidence in the euro. Fearing the restructuring of public debt in EZ countries, investors have turned their back on sovereigns in the Eurozone, and even on the Eurozone as a whole.
A Redemption Pact for Europe: Time to act now
Peter Bofinger, Claudia M. Buch, Lars P Feld, Wolfgang Franz, Christoph M Schmidt, 25 July 2012
Topics: EU policies
Tags: EZ crisis, redemption bonds
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