(EN) (PDF) – Financial risks in Europe | Directorate-General for Internal Policies of the Union


It appears that recession may be on the way for the EU as a whole and the euro area in particular. Having used all of its instruments in the previous crisis, the European Central Bank has little left that can be helpful when the inevitable happens. This brief examines the financial risks facing the euro area and details how flexibility and non-intervention – the direct opposite approach from the global financial crisis – should characterise the response to the next crisis.

PDf file, 29 pages

via Publications Office of the EU

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