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Erschienen in:
2020 | OriginalPaper | Buchkapitel
6. Comprehensive Crisis Response
verfasst von : Dr. Olli Rehn
Erschienen in: Walking the Highwire
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Abstract
By the summer of 2010, it had eventually become clear to virtually everybody that the Eurozone debt crisis was a systemic one, not cyclical or idiosyncratic. The Commission was preparing a systemic response. It was high time to begin correcting the systemic shortcomings of the euro by strengthening the economic union and by creating of a permanent stability fund. These came together under the working title “Comprehensive Crisis Response”, thus named because action was required on all policy fronts. My cabinet christened it as the “CCR”, in due reverence to the Creedence Clearwater Revival, the legendary blues-rock band from the 1960s and 1970s.