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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

Is financial failure an option in the EU?

27 May 2010

Is financial failure an option in the EU?

Assessing the validity of the European Council of Ministers’ recent decision to create a $1 trillion rescue package for financially imperiled countries, CEPS Director Daniel Gros concludes that the eurozone cannot stabilise in political and economic terms in the absence of a solid framework for crisis resolution and an ability to deal with sovereign default by a member state.


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Is financial failure an option in the EU?
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