» Eurozone Crisis: Some Background Materials – 2/29/12 Decision Economics

Eurozone Crisis: Some Background Materials – 2/29/12

Posted February 29, 2012 by Editor


  • These are background materials for a presentation given on the Eurozone crisis recently.
  • 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.
  • On page 3, we examine the budget and debt data in the Eurozone and discuss why austerity along won’t solve the “problem.”
  • On page 4, we review why the varying economic performance in the Eurozone complicated the crisis solution and contributed to German complacency.
  • 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.