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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

Europe’s Futile Search for Cheaper Money

11 February 2011

Europe’s Futile Search for Cheaper Money

Various forms of common ‘European bonds’, or more precisely eurobonds, have been proposed recently as a way out of the current euro crisis, with proponents stressing the promise of lower borrowing costs. While acknowledging that the proposal is tempting and even quite promising in theory, this Commentary by CEPS Director Daniel Gros finds it seems mostly to be wishful thinking.


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Europe’s Futile Search for Cheaper Money
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