One-Pager No. 18 | November 2011
Twin Strategies to Resolve the Eurozone Crisis—without Debt Buyouts, Sovereign Guarantees, Insurance Schemes, or Fiscal Transfers
The cancellation of the October 26 meeting of the European Union’s council of finance ministers, or Ecofin, has further eroded confidence in its ability to solve the burgeoning sovereign debt crisis in the eurozone. A viable strategy is needed now—and as Stuart Holland illustrates, two viable strategies are even better than one.
Central bank policy Debt resolution Euro Eurobonds European Financial Stability Facility (EFSF) European Investment Bank (EIB) European Investment Fund (EIF) Eurozone Eurozone debt crisis