Must-Read: Guntram B. Wolff and André Sapir: Euro-Area Governance: What to Reform and How: “Pre-crisis, the euro area suffered from the built-up of financial imbalances… …price and wage divergence and an insufficient focus on debt sustainability. During the crisis, the main problems were slow resolution of banking problems, an inadequate fiscal policy stance in 2011-13 … Continue reading Must-Read: Guntram B. Wolff and André Sapir: Euro-Area Governance: What to Reform and How