Comment: EMU and market discipline

A recent research note by the Brussels-based Centre for European Policy Studies pours cold water on the idea that Italy could crash out of the European Monetary Union (EMU) any time soon. The key to this conclusion lies in the amount of euro-dominated debt that the Italian government needs to repay.

COMMENT BY CENTRALBANKNEWS

The author, Daniel Gros, argues that growth differentials among the EMU's biggest member countries will increase in the years to come. Germany, he suggests, will emerge from

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