Gründe der Eurokrise -- Gefahr der politischen Instabilität -- Rechtlicher Rahmen eines Austritts oder Ausschlusses -- Was ist bei einem Austritt zu beachten? -- Fahrplan für ein geordnetes Ausschlussverfahren als Ultima Ratio.

This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis shows that prospective members of the EMU are likely to pass on some costs of convergence to the current EMU members. The mechanism is an altered exchange-rate policy that...

The Eastern Enlargement of the EU will not be complete until the new member states join the EMU. Economic and political economy arguments point to fast EMU accession of new member states. Failure to do so will create a two speed Europe, a fundamental change in the economic and political...