Eurozone: the high cost of complacency

As the Eurozone is celebrating its first decade of existence this January 2009, a paradox strikes the observer. Caught by the “Icelandic fever,” Eastern and even Northern small open EU economies are rushing to adopt the Euro. Yet, the region finds itself in deep recession for the first time since its creation. So the Euro is attractive, but the Eurozone is inert. How to make sense of this seeming contradiction? (...).

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Year of publication:	2009-01
Authors:	Laurent, Eloi
Institutions:	Sciences économiques, Sciences Po

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Extent:	application/pdf
Series:	Sciences Po publications.
Type of publication:	Book / Working Paper
Notes:	Published in The Economists' Voice, 2009, pp.1-4
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011003608