Europe Today — A Twenty-First Century Introduction (Sixth Edition)

European politics is changing, and fast. But the significance of that change is hard to appreciate without a deep understanding of ‘Europe’, meaning its history, politics, culture, and economics. Unfortunately, so much of what we ‘know’ about Europe is based on caricatures and stereotypes. (The same is no doubt true for the rest of the world as well. I blame the demise of area studies, but that is another conversation.) This edited volume — called Europe Today and published by Rowman & Littlefield — can help shed important light.

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Sovereign Debt Restructuring and Debt Mutualisation in the Euro Area

The euro area lacks a framework for sovereign debt restructuring and it lacks a common risk-free asset. Both issues are important in looking ahead to the prospect of any future crisis. Of the two, however, the creation of some kind of sovereign debt restructuring mechanism appears to attract the most political attention. This briefing note outlines the issues that would need to be addressed to bring greater stability to the euro area.

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