Three years into the euro area sovereign debt crisis, investors continue to shun periphery government bonds, European banks are under severe funding pressures in both the dollar and euro private term markets, and the euro area is facing an anemic growth outlook. On the face of it, the scenario portends gloom. But upon closer examination of the inner workings of the European Union (EU) governance system, the ongoing adjustment in the banking sector...
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INFORMATION
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2012/03/01
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Fiche
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67354
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1
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1
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2012/03/07
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Disclosed
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Looking beyond the euro area sovereign debt crisis
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advanced countries
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