Die Beschlüsse von Maastricht zur Einführung einer gemeinsamen europäischen Währung erzeugten unterschiedlichste Reaktionen in Öffentlichkeit und Wissenschaft: Während die einen von einer "Vision für Europa" sprachen, warnten andere vor einem "gefährlichen Irrweg". Auch heute noch...

At the height of the European sovereign debt crisis, the European Central Bank decided to purchase distressed European government bonds. Even worse, and more importantly, the ECB is providing direct support of several hundred billions of euros to troubled banks via its normal monetary policy...

The Greek government budget situation plays a central role in the debt crisis in the euro area. Strong consolidation measures need to be implemented, with potential adverse effects on the Greek economy and further credit requirements. Debt conversion might therefore become a reasonable...