Caixin OnlineOpinionCommentaries The Euro Crisis and Euro Bonds
12.14.2011 18:36

The Euro Crisis and Euro Bonds

Tweaking the euro bond approach and taking joint liability for debt may be the only way to ensure the success of a fiscal union
By Gary Becker

After the financial crisis erupted in 2008, continental Europe on the whole appeared to be in better shape than the U.S. The main reason was that the big EU banks held smaller amounts of questionable mortgage-backed securities than did American (and British) banks. The housing markets in Germany, France, Italy, and most other member countries – Spain and Ireland are two exceptions – had not boomed as much as the American and British markets.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ