CIAO DATE: 08/2010
May 2010
Centre for European Policy Studies
Despite cobbling together an impressive $1 trillion rescue package for countries with potential funding problems, the threat of a disorderly default still looms over the eurozone, creating systemic financial instability at the EU and possibly global level. Against this background, Daniel Gros and Thomas Mayer renew their call for the creation of a European Monetary Fund (EMF) in an update to their Policy Brief issued in February.
Resource link: Towards a Euro(pean) Monetary Fund [PDF] - 232K