Sovereign debt in the euro area is heading towards 100% of GDP, and some member states are already far above, putting them potentially in danger of debt crises. Does this represent a problem that needs to be addressed by collective policy action at the euro area level? Stefano Micossi and Emilios Avgouleas argue that it is the case, and the ESM can play a key role. Is such an option feasible? Is it going to be effective? Would other alternatives work better?
This session will be run in Zoom, you must register in advance to gain access to the meeting and the details to join will be sent one hour prior of the event.