Towards a Grand Bargain? An IIEA Briefing on European Policy Responses to the Eurozone Debt Crisis
by Shane Fitzgerald
A comprehensive response to the European sovereign debt crisis must address the following tasks: crisis management, fiscal consolidation, financial stability, structural reform and strengthening the single market.
The last year has seen a wide array of proposals in these areas tabled by European institutions, politicians and think tanks. Many of the proposals overlap or represent variations on similar core ideas. This briefing outlines the nature, rationale and prospects of some of the most prominent of those ideas.
The proposals are diverse yet interconnected. For the purpose of this brief they have been divided into four main policy areas, subdivided into twenty actions. Particularly sensitive issues, such as treaty change, are addressed individually.
This briefing is not exhaustive and will be updated on a regular basis so as to provide a monitoring resource for interested parties.