Severing the ‘doom loop’ – CEPR report
The “doom loop” between banks and governments continues to pose a major threat to individual member states and the Eurozone as a whole and must be cut.
That is just one of the findings included in a major new report published by CEPR. It is authored by 14 French and German leading economists drawn from prominent academic institutions. Hélène Rey, Lord Bagri Professor of Economics, London Business School, is one of its contributors.
“A decade after the start of the global financial crisis serious frailties still remain within the euro area, principally that the ‘doom loop’ poses a major threat both to individual member states and the EU as a whole,” says Professor Rey.
You can read the full report here.