The Costs of Solidarity in the Euro Zone
21st May 2012"Notre Europe" has published a study by Sofia Fernandes and Eulalia Rubio who focus on an assesment of the cost of the measures that aim to provide aid to euro zone States in financial difficulty (rescue plans to Greece, Ireland, Portugal, the support mechanisms, non-conventional action on the party of the European Central Bank). The authors review the nature of these measures, their impact on the public finances of the various States and some present controversies involving the monetary policy. They also compare the total cost of aid to the euro zone States in difficulty with that of support actions to the financial sector undertaken since the start of the financial crisis.
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