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http://www.itinerainstitute.org/en/library/itinera-publications-presentations/_paper/eurozone-credibility-put-to-the-test/
Eurozone credibility put to the test
16 February 2010
Ivan Van de Cloot
The one who simply reduces the current crisis of confidence in the member states solvency to a Greek problem, understood very few things. There are risks associated to the large expansion of the eurozone which are too often dictated by political motives, let’s hope that the European leaders will notice this now. As Europe gives a signal not just to watch but to undertake appropriate action, is it important that one indicates the exact bounderies of how far and under which conditions support can be given. It is also an evidence that at present and in the future a lot of lessons will need to be drawn with regards to the eurozone.
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