Can Italy and Spain survive rates of 6-7%? CEPS Policy Brief No. 279, 27 July 2012


Autoria(s): Gros, Daniel
Data(s)

01/08/2012

Resumo

The sentiment that the euro is now in real danger is based in large part on the widespread conviction that interest rates of 6-7% are simply unsustainable for both Italy and Spain., After taking a closer look at the fundamentals, however, Daniel Gros concludes in this new Policy Brief that both countries should be able to live with this level of interest rates for quite some time, but only if they mobilize domestic savings, which remain strong in both countries. For Spain, some debt/equity swaps are also needed.

Formato

application/pdf

Identificador

http://aei.pitt.edu/36062/1/PB279_Gros_on_IT_and_SP.pdf

Gros, Daniel (2012) Can Italy and Spain survive rates of 6-7%? CEPS Policy Brief No. 279, 27 July 2012. [Policy Paper]

Relação

http://www.ceps.be/book/can-italy-and-spain-survive-rates-6-7

http://aei.pitt.edu/36062/

Palavras-Chave #Italy #Spain #EMU/EMS/euro #financial crisis 2008-on/reforms/economic governance
Tipo

Policy Paper

NonPeerReviewed