Bruegel: Eurozone needs a permanent bail-out fund
05 October 2010
In this column Peter Bofinger, Henrik Enderlein, Tommaso Padoa-Schioppa and, Bruegel Senior Fellow, André Sapir argue that the eurozone requires an effective stabilisation mechanism to cope with serious market disruption.
The eurozone faces a scenario where policymaking is difficult and the resulting instability could jeopardise EMU. In this context they suggest that the transformation of the EFSF into a permanent European instrument should be, not the only, but the first action to be implemented by the task force led by Herman Van Rompuy.
© Bruegel
