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. Underpinned by a process of monetary unification and financial deregulation, core eurozone countries pursued export-led growth … financial crisis of 2007-08. The paper also maintains that the eurozone could avoid cumulative imbalances by adopting John …
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The Spanish crisis is generally portrayed as resulting from excessive spending by households, associated with a housing bubble and/or excessive welfare spending beyond the economic possibilities of the country. We put forward a different hypothesis. We argue that the Spanish crisis resulted, in...
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This paper examines the generosity of the European welfare state toward the elderly. It shows how various dimensions of the welfare regimes have changed during the past 10 to 15 years and how this evolution is related to the process of economic integration. Dimensions include general generosity...
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