The State of the Eurozone

CIGI Senior Fellow Miranda Xafa comments on the State of the Eurozone discussions which took place on October 6th, 2014 at the the German Marshall Fund of the United States in Washington, D.C. Xafa notes that the recent ECB announcement on asset purchases and the forthcoming banking union may help to reduce fragmentation and ease credit issues in the area. However, she cautions that structural reforms alone will not be enough to get the Eurozone out of its current low-growth equilibrium.

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