MES: dalla proposta di riforma alla nuova linea di credito per spese sanitarie

Translated title of the contribution: [Autom. eng. transl.] MES: from the reform proposal to the new credit line for healthcare expenses

Marco Angelo Lossani*

*Corresponding author

Research output: Contribution to journalArticlepeer-review

Abstract

The paper is a survey of the recent debate over the reform of the European Stability Mechanism. Three main issues are taken into consideration: the introduction of a Common Backstop supporting the Single Resolution Fund; the re-definition of financial assistance extended to countries facing a sovereign default: the introduction of Collective Action Clauses (CACs) based on the single-limb principle. Moreover, the costs and benefits of the Pandemic Crisis Support Credi Line (PCSCL) - introduced after the outbreak of the pandemic COVID-19 - are assessed.
Translated title of the contribution[Autom. eng. transl.] MES: from the reform proposal to the new credit line for healthcare expenses
Original languageItalian
Pages (from-to)30-40
Number of pages11
JournalOSSERVATORIO MONETARIO
Publication statusPublished - 2020

Keywords

  • European Stability Mechanism
  • Reform Fiscal Rules Eurozone

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