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NOMURA Special Report – Europe will work.pdf
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Contents
Foreword 1
Acknowledgments 2
Executive Summary 4
Chapter I – From Marshall Plan to monetary union 7
Chapter II – From monetary union to crisis 20
Chapter III – Anatomy of the crisis 38
Chapter IV – Policy challenges: the crisis and longer term 50
Chapter V – The outlook for sovereign bonds and the euro 67
Chapter VI – New realities for bond managers 80
Chapter VII – The outlook for European equities 88
Chapter VIII – Enlargement and Emerging Europe 93
Chapter IX – The future of Europe 105
Annex – The Lisbon Treaty 110
List of abbreviations 115
Author biographies 118
References 124
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