November 24, 2011

Evaluation of EFSF options

As per the approved motion by Ms. Sap, the Dutch House of Representatives has asked CPB Netherlands Bureau for Economic Policy Analysis to prepare an analysis of the effectiveness of four options of increasing the emergency fund, such to be completed by mid November 2011.
No title

This memorandum provides an analysis of the various options:

  • A special purpose vehicle for attracting funding from external investors;
  • the insurance model;
  • the banking model;
  • an increase of the guarantees of the member states.



Wouter Elsenburg
Michiel Bijlsma
Mark Roscam Abbing