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Author Jones, Erik, author
Title The year the European crisis ended / Erik Jones
Imprint [Basingstoke] : Palgrave Pivot, 2014
book jacket
Descript 1 online resourc.e
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Global reordering
Global reordering
Note Prologue: How Europe Fell Into Crisis -- 1. Europe Decides to Act -- 2. The Markets Respond -- 3. Risk Returns through Italy and Cyprus -- 4. The European Crisis Ends -- 5. Beyond the European Crisis
The European crisis came to an end when first political leaders and then the European Central Bank promised to do whatever it takes to safeguard the euro. Specifically they committed to create a European banking union and to buy unlimited amounts of sovereign debt in distressed markets for governments that made a binding commitment to reform. Markets were initially sceptical and yet ultimately persuaded by the commitment of European elites. Events in Italy and Cyprus threatened to return Europe to crisis and yet were ultimately managed without major turmoil. Somehow along the way, however, the desire of European elites to do whatever is necessary began to waver and their commitment to banking union diminished. The European crisis has ended but Europe is not yet resilient enough to ensure that it will not recur
Description based on publisher supplied information; title not viewed
Subject 2000 - 2099 fast
Financial crises -- Europe
Economic history. fast (OCoLC)fst00901974
Financial crises. fast (OCoLC)fst00924607
Europe -- Economic conditions -- 21st century
Europe. fast (OCoLC)fst01245064
Electronic books. local
Alt Author Palgrave Connect (Online service)
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