Resolving the European debt crisis [[electronic resource] /] / William R. Cline and Guntram Wolff, editors

• Record Nr.: UNINA9910828465203321
• Pubbl/distr/stampa: Washington, DC, : Peterson Institute for International Economics, c2012
• ISBN: 1-280-12949-2; 9786613533371; 0-88132-649-6
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (305 p.)
• Altri autori (Persone): ClineWilliam R; WolffGuntram
• Disciplina: 336.3/4094
• Soggetti: Debts, External - European Union countries; Financial crises - European Union countries; Euro area; European Union countries Economic policy Congresses
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Papers presented at a conference held at a conference center near Paris, on Sept. 13-14, 2011.; Includes index.
• Nota di contenuto: ""Cover""; ""Preface""; ""Ch. 1 Overview""; ""I Political-Economic Environments""; ""Ch 2. Greece in the Euro Area: Odd Man Out, or Precursor of Things to Come?""; ""The Outbreak of the Crisis""; ""The Weak Link of the Euro Chain""; ""Can Greece Do It?""; ""Odd Man Out?""; ""References""; ""Ch 3. Political-Economic Context in Ireland""; ""Summary Description of the National Political Situation and Near-Term Outlook""; ""How Is the Debt Crisis Debate Framed in the National Public Arena?""; ""The Public Attitude to Euro Areaâ€?Wide Solidarity""; ""Conclusion""; ""References""; ""Ch 4. Understanding Portugal in the Context of the Euro Crisis""""Euro Area Crisis versus National Crises""; ""2002â€?08: The Portuguese Economy""; ""Facing the Sovereign Debt Crisis""; ""Conclusions and Looking Ahead""; ""References""; ""Ch 5. Italy and the Euro Crisis""; ""The Euro Crisis Reaches Italy""; ""Understanding the Crisis in Italy""; ""Response to the Crisis""; ""Postscript""; ""Ch 6. Spain and the Euro ; Area Sovereign Debt Crisis""; ""A Long Period of High Growth""; ""Internal and External Imbalances""; ""The Financial Crisis and Spanish Vulnerability""; ""The Buildup of the Sovereign Debt Crisis""""Spainâ€?s Serious Steps to Avoid Contagion""; ""Reasonable Level of Competitiveness""; ""Serious Issues Still Pending""; ""Conclusion""; ""Postscript""; ""Ch 7. France, the State, and Globalization""; ""The Specificities of the French Political System""; ""Decision Making versus Consensus Building""; ""French Defiance of the Market""; ""Ch 8. The Political Economy of Germany in the Sovereign Debt Crisis""; ""Budgetary and Economic Policy Priorities""; ""The Political Situation in Germany""; ""Germanyâ€?s Management of the Sovereign Debt Crisis""; ""Germany and Economic Governance Reforms""""Germany in the European Union under the Lisbon Treaty""; ""References""; ""II Lessons from Past Debt Crises""; ""Ch 9. How to Do a Sovereign Debt Restructuring in the Euro Area: Lessons from Emerging-Market Debt Crises""; ""Five Lessons from Past Experience""; ""Implications for Europe Today""; ""References""; ""Ch 10. Sovereign Debt Restructuring: The Legal Context""; ""How to Restructure Sovereign Debt""; ""What Does History Teach?""; ""III Pros and Cons of Alternative Policy Options""; ""Ch 11. Alternative Strategies for Resolving the European Debt Crisis""""Sustainability of Greek Public Debt""; ""Debt Sustainability in Ireland and Portugal""; ""Confronting Market Pressures on Sovereign Debt in Spain and Italy""; ""Policy Options for Debt Crisis Resolution""; ""Three Additional Policy Options for Restructuring""; ""Benefits and Costs of Alternative Options for Stakeholders""; ""Conclusion""; ""Postscript""; ""References""; ""Ch 12. The Euro Area Crisis: Policy Options Ahead""; ""The Issue""; ""Debt Restructuring""; ""Eurobond: Possibilities and Difficulties""; ""The EFSF/ESM Solution""