Building a Comprehensive Crisis Management Framework for the EU and Extinguishing the Raging Fire

14-01-2011

The on-going discussion on Crisis Management in the EU is incomplete and on particular issues misguided and ill-informed. This is true both of the longer term discussion on designing a Crisis Management Framework for the EU as well as the immediate and on-going efforts to put the fire out. This Policy Paper has three parts: Part I maps out the structure of a complete Crisis Management framework for the EU. Part II offers detailed suggestions on improving the current Crisis Mitigation framework in the form of the European Financial Stabilization Mechanism. Part III sketches an optimal detailed design of what the permanent European Stabilization Mechanism should look like.

The on-going discussion on Crisis Management in the EU is incomplete and on particular issues misguided and ill-informed. This is true both of the longer term discussion on designing a Crisis Management Framework for the EU as well as the immediate and on-going efforts to put the fire out. This Policy Paper has three parts: Part I maps out the structure of a complete Crisis Management framework for the EU. Part II offers detailed suggestions on improving the current Crisis Mitigation framework in the form of the European Financial Stabilization Mechanism. Part III sketches an optimal detailed design of what the permanent European Stabilization Mechanism should look like.

Externe Autor

Sony KAPOOR (Managing Director Re-Define) ; additional research by Linda OKSNES (Research Associate Re-Define)