How the euro area overcame fragmentation during the pandemic | European Stability Mechanism

How the euro area overcame fragmentation during the pandemic | European Stability Mechanism

Europe has successfully overcome the economic fallout from the pandemic. 

By banding together and relying on its improved crisis resolution architecture, the euro area successfully protected financial and economic stability and set the economy back on the road to recovery.

In this blog, we outline how the institutional efforts like those by the European Central Bank (ECB), were instrumental in containing the risks of financial instability in the euro area during the pandemic.(...)