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Ten years after EULEX Key principles for future EU flagship initiatives on the rule of law
Policy Contribution

A call for a European Financial Stability Fund

by Stefano Micossi / Daniel Gros
30 October 2008

A call for a European Financial Stability Fund

Stefano Micossi / Daniel Gros

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As Europe faces the worst economic and financial crisis since World War II, the usual decision-making mechanisms are clearly overwhelmed. This commentary asserts that Europe needs action on a scale that can only be decided at the highest political level, namely the formation of a massive European Financial Stability Fund (EFSF) to issue bonds on the international market with the explicit guarantee of member states.


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A call for a European Financial Stability Fund
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2411 Downloads