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Banking fragility rooted in justice failures Evidence from Ukraine
Policy Contribution

What size is the fire exit?

07 December 2010

What size is the fire exit?

In his latest Commentary, CEPS Director Daniel Gros draws an analogy between the situation in the eurozone for investors today and a crowded cinema with only one emergency exit: everyone knows that in case of fire, only the first to leave will be safe. To avoid a stampede, he calls upon the IMF and the ECB to show investors that they have enough funding to finance the simultaneous exit of all short-term investors by immediately widening the exit door and by prominently displaying huge fire extinguishers.


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What size is the fire exit?
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