And then must also establish. Mechanisms for crisis management to deal with those that occur despite the precautions we could take to buy eve isk. To say we let the states go bankrupt unwary is a threat that certainly has its efficiency ex ante, but ex post becomes suicidal. Now the only instrument available to the European Commission is now threatening to impose sanctions on states that do not meet the goals of return to equilibrium. For a state threatened by the crisis, it is not very useful … Some speak to invent a European Monetary Fund (WEF), modeled on the International Monetary Fund (IMF),Menu Chinese New Year, for European crisis management: good idea in principle but which require however to create a new Community institution .
A technically simpler solution would be to offer a state struggling to benefit from the security of other states for its new borrowing, since it agrees with the European Commission on a plan to return to equilibrium (structural ) of its public finances. This guarantee is offered conditionally to the implementation of eve isk. Interest rates would fall immediately,Cuisine of Africa, which would avoid the snowball effect of a runaway debt alone. This would also allow new loans to remain eligible for refinancing of ECB and calm the anxiety of the creditors in this area.