A comprehensive approach to the euro-area crisis: Background calculations

by Zsolt Darvas, Christophe Gouardo, Jean Pisani-Ferry and André Sapir on 24th February 2011

This background paper describes in detail the assumptions and calculations behind the results presented in Zsolt Darvas, Jean Pisani-Ferry and André Sapir "A comprehensive approach to the euro-area debt crisis", Bruegel Policy Brief No 2011/02, February 2011. An assessment of the results and policy conclusions can be found in the Policy Brief.

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