the implications of this for wage policy in the Euro zone. …

When the global financial crisis hit the shores of Europe, after crossing the Atlantic, the Eurozone was considered a … euro's fault. As a result, some argued that Greece and eventually other bailed-out member states should abandon the euro … up on supporting them financially, forcing them to abandon the euro anyway. Yet, no such thing has happened. The euro and …

balances, gradual economic recovery) explains the region’s resilience to financial market spillovers during the euro area … crisis. Our generalised variance decomposition analyisis does not suggest strong direct spillovers from the euro area …