The Eurozone decisions: a step towards a European lender of last resort, but others must follow

• Autores: Alberto Majocchi
• Localización: Perspectives on Federalism, ISSN-e 2036-5438, Vol. 3, Nº. 1, 2011
• Idioma: inglés
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• Resumen

  • The decisions taken by the recent meeting of the Heads of State and Government - held in Brussels on 21 July 2011- strengthen the European Financial Stability Facility (EFSF) and constitute a first step towards a European lender of last resort. But other steps will have to follow to make this credible