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A safer way to save the eurozone proposed by European economists

30 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.

This article appeared on LSE online on September 30, 2011
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Related Links
Luis Garicano webpage
Productivity and Innovation Programme webpage

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