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account surpluses with Italy, Spain, Portugal and Greece have decreased. The following article shows that rebalancing has been … achieved some rebalancing of their current accounts vis-à-vis Germany, the path of adjustment differs. …
Persistent link: https://www.econbiz.de/10009612605
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This paper assesses the limitations that the Stability and Growth Pact has imposed on Italy’s economic recovery and its … debt reduction. By evaluating Germany’s fiscal policy since 1997, the paper offers recommendations for the Italian … authorities. Measures put forward by European Union institutions are hampering Italy’s economic recovery, and evidence indicates …
Persistent link: https://www.econbiz.de/10010474671
unit, a so-called bad bank. This plan effectively addresses three key challenges. It provides for the transparent removal …
Persistent link: https://www.econbiz.de/10009626631
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European Central Bank, led by mainstream economic thinking, were not up to their task of controlling the core of the system …
Persistent link: https://www.econbiz.de/10009692259
This paper contributes to the discussion on the European current account imbalances by analysing the intra-European trends since 1990 based on the theory of optimum currency areas. The authors show that German unification was the origin of not only the 1992-93 EMS crisis but also rising...
Persistent link: https://www.econbiz.de/10009760197
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While the global financial crisis had a strong impact on economic activity in Germany, the impact of the euro area … crisis on economic activity in Germany has so far been relatively mild. Trade flows by region reveal that German firms have …
Persistent link: https://www.econbiz.de/10009682378
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