Helsinki
Bruxelles
Lisbonne
News and Archives of Jacques Delors
News & Archives from
Jacques Delors
Access
Support the Jacques Delors Institute!
Click here
Subscribe to our newsletter
Subscribe to our newsletter
Read our newsletter
Authors
Sofia Fernandes

Sofia Fernandes

Sofia Fernandes is Senior Research Fellow at the Jacques Delors Institute (JDI) since January 2010 ...
Eulalia Rubio

Eulalia Rubio

Eulalia Rubio is Senior Research Fellow at the Jacques Delors Institute. Her research and ...
Key points
Access to social benefits for EU mobile citizens: “tourism” or myth?
A new start for Social Europe
Erasmus Pro: for a million "young European apprentices" by 2020
Posted workers in the EU: state of play and regulatory evolution
A social dimension for the EMU: why and how?
See more
DIARY
Search
Themes :
Select ...
Choose a theme
Types :
Select ...
Choose type
Dates :
Select ...
Validate
Social Europe

The budgetary cost of solidarity in the euro zone: getting things clear and into perspective

on May 11, 2012, 12:53
Policy brief - Sofia Fernandes and Eulalia Rubio

© Tous droits réservés par Healthnewsne

The negotiations of the bailout plans for Greece, Ireland and Portugal as well as the adoption of new solidarity mechanisms have triggered a lively debate on the cost of these solidarity actions, particularly in those countries that are making the biggest contribution to those efforts such as Germany, The Netherlands, Finland and France.


This Policy Brief by Sofia Fernandes and Eulalia Rubio aims to clarify some points concerning the cost of interstate solidarity exercised within the Eurozone. The analysis focuses on the budgetary cost of that solidarity, which has been at the heart of this debate. It first clarifies the nature of these solidarity actions as well as their impact on national public finances. Then it analyses the current controversy over the budgetary implications of the growing imbalances in TARGET2 positions (the payment and settlement system between the central banks in the Eurozone) and, more generally, of the exceptional actions undertaken by the European Central Bank (ECB). Lastly, in order to give an order of magnitude of this solidarity effort, the Policy Brief places the total cost of interstate solidarity efforts in perspective by comparing it to the amount of money set aside by the states to help their banks since the start of the crisis.

Contact - Sitemap - Legal - Vacancies
Jacques Delors Institute - 19, rue de Milan - 75009 Paris - Tel. +33 1 44 58 97 97 - Email: info@delorsinstitute.eu
Jacques Delors Institut – Berlin, Pariser Platz 6, 10117 Berlin
Powered by Walabiz
We use cookies on our website.
If you continue to use our website you consent to the use of cookies.