Eurozone Failures - Time for Eurobonds and a Radical Rethink

Tom McDonnell20/05/2011

Tom McDonnell: Two quick links:

Guillermo De La Dehesa of CEPR has put together a very useful one-pager that should be mandatory reading for the hapless decision makers bumbling their way through the Euro debt crisis. De La Dehesa lays bare most of the flaws in the current strategy and identifies the most efficient way to resolve the crisis - create a Euro zone bond market as large, deep, diversified and liquid as that of the US treasury bondmarket.

Meanwhile Hugo Radice over at the SEJ also calls for a radical policy rethink and laments the institutional inertia and indecision plaguing the Euro zone.

Posted in: EconomicsEurope

Tagged with: debt crisiseurozone

Dr Tom McDonnell

McDonnell, Tom

Tom McDonnell is senior economist at the NERI and is responsible for among other things, NERI's analysis of the Republic of Ireland economy including risks, trends and forecasts. He specialises in economic growth theory, the economics of innovation, the Irish and European economies, and fiscal policy. He previously worked as an economist at TASC and before that was a lecturer in economics at NUI Galway and at DCU. He has also taught at Maynooth University.

Tom obtained his PhD in economics from NUI Galway.



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