Ngaire Woods at the World Economic Forum

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Ngaire Woods chaired discussions at the World Economic Forum’s Global Agenda Council Summit in Abu Dhabi on how to respond to the Eurozone crisis.  This VoxEU article, written by Jeromin Zettelmeyer, Deputy Chief Economist and Director of Research at the EBRD, presents the outlines of a plan that emerged from these discussions.  The plan aims to put out the flames that threaten the euro’s existence while simultaneously setting the Eurozone on a medium-term sustainable path.