Economists call for European stabilisation fund

The absence of a single European debt market is holding the euro back as a reserve currency in a time of extreme risk aversion, argue Daniel Gros and Stefano Micossi.

In an article in the latest edition of Central Banking journal, published on 8 December, Gros and Micossi, director and board member at the Centre for European Policy Studies (CEPS) in Brussels respectively, argue: "In the United States and Japan, public debt carries no risk because, if needed, the government could always force the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.