Macroeconomics

Europe’s Debt Crisis, Coordination Failure, and International Effects

July 11, 2012

Stefan Collignon

Abstract

This paper gives an overview of the causes of the European debt crisis and the consequences for the external relations. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become weaker.

CONNECT WITH THE WORLD'S
TOP ASIA ANALYSTS

Sign up to receive free daily think pieces from leading analysts or our weekly digest, that includes our editorial and a collection of recent articles in brief.

EABER Member Institutions

© 2026 East Asian Bureau of Economic Research. All rights reserved.