Tuesday, May 5, 2009

Europe, and Lesser Europe

As was to be expected, Europe's suburbs are in deeper, shall we say, crisis. A systemic response appears to be in order.

Collapse in Eastern Europe? The rationale for a European Financial Stability
Daniel Gros © voxEU.org
25 February 2009

The European periphery faces significant economic turmoil. This column argues that Eastern European woes threaten the core of Europe and necessitate a systemic response. It proposes a new, massive European Financial Stability Fund (involving about 5% of EU GDP) run through the European Investment Bank.

Read the article here.

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