the second half of this mandate.” The cep, however, believes that instead of creating an Euro-Treasury it would make more sense to introduce a sovereign default regime for the eurozone. Thereby, markets [...] something which the EU Commission or the Eurogroup has never been able to do. The cep has drawn up a blueprint for a sovereign default regime. You can find it here .
cep Study : cepDefault-Index 2018 Your contact: Dr. Bert Van Roosebeke and Dr. Matthias Kullas Digital cep PolicyBrief : Single Digital Gateway cep PolicyBrief [...] Economy cep Study : Competition Challenges in the Consumer Internet Industry cep PolicyBrief : Framework for screening of foreign direct investments cepS tudy : Redistribution [...] cep PolicyBrief : Universal Telecomms Services Your contact: Dr. Bert Van Roosebeke Brexit cep Adhoc : The UK Government’s Brexit White Paper cep Adhoc
2014, France also finds itself in the group of countries whose creditworthiness is declining. In cep’s view, the depletion of capital stock in these countries shows that they are unable to offer attractive
Portugal's creditworthiness has been deteriorating since 2004. According to cep, this is caused, firstly, by falling capital stock due, in particular, to low public sector investment. Secondly, the country [...] beyond its means, although the consumption rate has dropped significantly since its peak in 2009.
In cep’s view, both countries must improve conditions for private investment.
The current period of tranquillity on the government bonds market is thus misleading. It is not the result of a sustained recovery of the eurozone but of intervention by the European Central Bank, wh