makroökonomischen Mehrländermodell NiGEM zeigen, dass sich ein großes, 460 Mrd. Euro umfassendes, kreditfinanziertes …

Seit fünf Jahren werden Griechenland, Irland, Portugal, Spanien und Zypern durch Hilfsprogramme des Euro …The euro rescue fund fills an institutional gap in the architecture of EMU, as it can prevent solvent euro countries …

adopt the euro. Smaller countries introduced the euro as quickly as possible, whereas larger countries have been much more … hesitant, thinking twice not only because of several unsolved problems in the euro area but also because they use the exchange …

Substantial structural reforms have been taken on labour and product markets by stressed euro area countries since 2008 … structural reforms have reduced the heterogeneity between euro area countries in terms of market rigidities. Moreover, wage and … be detected that wage flexibility has already increased in southern euro area countries. …