Preventing the Euro’s Next Crisis
Much dedication and energy are currently being devoted to institutionalizing a crisis-management mechanism for the eurozone – a good and important goal. But a far more significant challenge – largely ignored in the accompanying debate – is the need for crisis prevention.
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LUXEMBOURG – Much dedication and energy are currently being devoted to institutionalizing a crisis-management mechanism for the euro area. This is a good and important goal. But a far more significant challenge – largely covered in the accompanying debate – is the need for crisis prevention.