Egmont organised a roundtable on preventive crisis management in the eurozone. The debate focused on the possibility of combined interventions by the ESM and ECB in sovereign bond markets. The Egmont Paper 56 served as a background paper for the debate. This report evokes how participants perceived the current situation in sovereign bond markets and how they judged the effectiveness and the risks implied by the ESM/ECB scheme. Finally, beyond crisis management considerations, the solutions to the crisis were also briefly discussed.
(Photo credit: Saikofish, Flickr)