{"id":38801,"date":"2025-03-19T22:03:57","date_gmt":"2025-03-19T22:03:57","guid":{"rendered":"https:\/\/eces.org.eg\/?p=38801"},"modified":"2025-03-19T22:10:35","modified_gmt":"2025-03-19T22:10:35","slug":"crisis-cycle","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/crisis-cycle\/","title":{"rendered":"Crisis Cycle"},"content":{"rendered":"\n<p><strong>Overview:<\/strong><\/p>\n\n\n\n<p><strong>How the euro survived a series of crises, and how to make it more resilient<\/strong><\/p>\n\n\n\n<p>The euro has survived crises unimagined at its founding: the financial meltdown of 2007\u20132009, the sovereign debt crisis of 2010\u20132012, the pandemic, and the Russian invasion of Ukraine. The European Central Bank fought these crises with dramatic policy innovations, buying up vast amounts of debt and providing large loans to banks. But now everyone expects the ECB to intervene routinely, and the euro is more fragile as a result. Crisis Cycle recounts this history and offers recommendations for restoring a durable monetary union.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview: How the euro survived a series of crises, and how to make it more resilient The euro has survived crises unimagined at its founding: the financial meltdown of 2007\u20132009, the sovereign debt crisis of 2010\u20132012, the pandemic, and the Russian invasion of Ukraine. The European Central Bank fought these crises with dramatic policy innovations, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-38801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selected-books"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crisis Cycle - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/crisis-cycle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crisis Cycle - ECES\" \/>\n<meta property=\"og:description\" content=\"Overview: How the euro survived a series of crises, and how to make it more resilient The euro has survived crises unimagined at its founding: the financial meltdown of 2007\u20132009, the sovereign debt crisis of 2010\u20132012, the pandemic, and the Russian invasion of Ukraine. 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