1. Eurozone Reform PA-170 Presented by: Kris Bledowski, Ph.D.
Director of Economic Studies

2. Figure 1 – General Government Finances, European Union
Source(s): Eurostat and MAPI Foundation

3. How Important for Euro Survival?
Table 1 – Policy Proposals
Policy Proposal
How Likely by 2017?
How Likely by 2025?
How Important for Euro Survival?
Full Federation 1
Important
Economic Union
Financial Union
Fiscal Union
Political Union
Virtual Treasury
Lender of Last Resort 2
Stabilization Policy
Neutral
No Bail-Out Rule 3
Nationalized Fiscal Policy
Debt Write-Off
Orderly Dismantlement
n/a
Disorderly Dismantlement
* 1: low probability; 2: medium probability; 3: high probability
Source(s): MAPI Foundation