NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has released a macro-market research report, “Eurozone Reform: Progress to Date and To-Dos to Fix the Roof While the Sun is Shining.” The Eurozone crisis of a decade ago reflected a confluence of factors that converged to raise existential risks about the durability of the single currency. An undeveloped Eurozone institutional structure was one of the causes.
This report discusses institutional reforms at the Eurozone level that have helped stabilize the bloc and reduce existential risk. These reforms have been oriented towards preventing the buildup of macro imbalances and managing crises when they develop. In this comment, we provide an overview of these changes and feature areas under discussion. Continuing reforms would present an opportunity to “fix the roof while the sun is shining,” a prudent strategy.
To read the report, please click here.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.