Resolving the European Debt Crisis—Special Report 21

Coming out of a conference held in September 2011 on the European debt crisis, this work examines policy options for resolving the euro area debt crisis. After a luncheon address by George Soros (Soros Fund Management, LLC), the conference closed with a policy simulation game. This was perhaps the most useful part of the workshop, resulting in a plan for "leveraging the capacity of the European Financial Stability Facility" through arrangements with the European Central Bank (ECB). The volume is edited by Cline (Peterson Institute for International Economics) and Wolff (Bruegel), who also wrote two chapters. Annotation c2012 Book News, Inc., Portland, OR (booknews.com)

William R. Cline has been a senior fellow at the Peterson Institute for International Economics since 1981. During 1996–2001 while on leave from the Institute, Cline was deputy managing director and chief economist of the Institute of International Finance (IIF) in Washington, DC. From 2002 through 2011 he held a joint appointment with the Peterson Institute and the Center for Global Development, where he is currently senior fellow emeritus. Before joining the Peterson Institute, he was senior fellow, the Brookings Institution (1973–81); deputy director of development and trade research, office of the assistant secretary for international affairs, US Treasury Department (1971–73); Ford Foundation visiting professor in Brazil (1970–71); and lecturer and assistant professor of economics at Princeton University (1967–70).

Guntram Wolff is the Director of Bruegel. His research focuses on the European economy and governance, on fiscal and monetary policy and global finance. He regularly testifies at the European Finance Ministers' ECOFIN meeting, the European Parliament, the German Parliament (Bundestag) and the French Parliament (Assemblee Nationale) and is a member of the French prime minister's Conseil d'Analyse Economique. Guntram Wolff is also a member of the Solvay Brussels School's international advisory board of the Brussels Free University. He joined Bruegel from the European Commission, where he worked on the macroeconomics of the euro area and the reform of euro area governance. Prior to joining the Commission, he was coordinating the research team on fiscal policy at Deutsche Bundesbank. He also worked as an adviser to the International Monetary Fund.