Publication
Aug 2011
European leaders have failed to isolate the Greek crisis and to stop the forces of contagion. The reluctance of the ECB to take up its responsibility as a lender of last resort is the single most important factor explaining why the forces of contagion in the eurozone’s sovereign bond markets has not been stopped.
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English (PDF, 8 pages, 462 KB) |
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Author | Paul De Grauwe |
Series | CEPS Policy Briefs |
Issue | 250 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2011 Centre for European Policy Studies (CEPS) |