Towards a New Euro Crisis?

Abstract There is thus a fundamental credibility issue about the willingness of the ECB to be a lender of last resort in the government bond markets. This will continue to make the eurozone a fragile construction. As a result, the possibility of a future euro crisis cannot be excluded.

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Bibliographic Details
Main Author: Paul De Grauwe
Format: Article
Language:English
Published: Springer 2022-10-01
Series:Intereconomics
Online Access:https://doi.org/10.1007/s10272-022-1078-x
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