CEPS © 2019

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

Financial Stability beyond Greece: On the need for a European Financial Stability Fund

by Thomas Mayer / Daniel Gros
11 May 2010

Financial Stability beyond Greece: On the need for a European Financial Stability Fund

Thomas Mayer / Daniel Gros

Download Publication

4115 Downloads

In updating their latest Commentary following the newly created €600 billion European Stabilisation Mechanism, Daniel Gros and Thomas Mayer propose that this new initiative should be transformed into an institution that could play a key role in the euro area’s evolving fiscal policy and in organising the smooth insolvency of member states where an austerity programme fails.

Daniel Gros is Director of the Centre for European Policy Studies. Thomas Mayer is Chief Economist with Deutsche Bank London.
 


About the Authors


Financial Stability beyond Greece: On the need for a European Financial Stability Fund
Download Publication

4115 Downloads