16.01.2012

Der Europäische Währungsfonds – ein systemisches Problem verlangt eine systemische Lösung

Hauptveranstaltung: Vortragsreihe "WIFO-Extern"

Personen: Stephan Schulmeister

Sprache: Deutsch

Österreichisches Institut für Wirtschaftsforschung

A systemic solution of the euro crisis needs to stabilise interest rates for all euro countries. It is proposed to transform the European Stability Mechanism (ESM) into the European Monetary Fund (EMF). It would provide euro governments with financial means by selling Eurobonds. These bonds are guaranteed by all euro countries. The EMF would stabilise Eurobond interest rates at a level slightly below the level of medium-term economic growth.