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Eurozone Crisis: Some Background Materials – 2/29/12
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These are background materials for a presentation given on the Eurozone crisis recently.
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On page 2, we put the sovereign debt crisis in context, with a review of the near-term choices for Greece and the Eurozone and its impact on the U.S.
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On page 3, we examine the budget and debt data in the Eurozone and discuss why austerity along won’t solve the “problem.”
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On page 4, we review why the varying economic performance in the Eurozone complicated the crisis solution and contributed to German complacency.
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On pages 5-6, we look at various measures of financial stress and contagion, which are taken in part from our regular monthly presentation on financial market developments.
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