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A safer way to save the eurozone:
Proposal by CEP Researcher Luis Garicano to save the Euro

28 September 2011

A system of 'European Safe Bonds' run by a continent-wide debt agency could save the eurozone without the need for fiscal union argue two leading analysts from the London School of Economics and Political Science.

Professors Luis Garicano and Dimitri Vayanos are among a group of academics from the Euro-nomics group who have today set out their proposal for the bonds which would be stable enough to survive even a debt default by one or more European countries.

The group's open letter is published in today's (28 September 2011) Wall Street Journal and in El Pais in Spain.

Read more about the proposal on the LSE website

Full text of the letter and more details at the Euro-nomics site

Related links
Luis Garicano webpage
Productivity and Innovation Programme webpage

Read more... A safer way to save the eurozone