AUTHOR'S BIO
Daniela Schwarzer
Daniela Schwarzer is Head of the EU integration division at the German Institute for International and Security Affairs (SWP).
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An External Stability Pact for Europe
Sebastian Dullien and Daniela Schwarzer Series: European Economies 2009-08-10Given the increasingly close financial and economic links between euro-zone members, rising government debt in even one EMU country can have serious consequences for all members, because no member will let another default. Therefore, private-sector debt should also be monitored within the EMU’s surveillance framework.... read Comments: 1 Recommended: 0 Read: 7620
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Too European to Fail
Sebastian Dullien and Daniela Schwarzer Series: European Economies 2009-02-09With fears mounting that one or another euro-zone country may default, yield spreads on government bonds between EMU countries have reached record highs. But the panic that EMU may disintegrate is overdone: rather than a default and subsequent exit from the euro zone, the member states are more likely to violate the EU Treaty and bail out a fellow member state.... read Comments: 0 Recommended: 0 Read: 9914
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