Hagen, Jürgen von - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 94 (2014), pp. 23-27
Over the past three years, as the euro area has struggled with high levels of sovereign debt, it has been gradually developing into a debt union. However, this is not a sustainable arrangement. This article proposes two alternatives to a debt union: a fiscal union and a monetary union with...
