欧洲主权债务危机（英文）.pdfVIP

The sovereign debt crisis in the Euro area In the last 18 months a number of European governments have been forced to withdraw from the bond market and seek emergency loans from the EU, IMF and ECB ñ private sector unwilling to lend to them at rates they can a§ord due to doubts over their ability to repay ñaddressing concerns over the solvency of member states the paramount objective for Euro area policy-makers Many observers argue that the creation of the European single cur- rency has contributed to the debt crisis in Europe, and that the future of the Euro