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This paper reviews the performance of the euro area since the euro's launch 20 years ago. It argues that the euro … crisis has exposed existential flaws in the euro regime. Intra-area divergences and the corresponding buildup of imbalances … extremely vulnerable to systemic banking problems and abruptly deteriorating public finances. Debt legacies and high …
Persistent link: https://www.econbiz.de/10011894027
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worsen German competitiveness and the German economy would crater as a result. Additional wealth losses on Germany …'s international investment position would also loom. Appreciating Germany's own vulnerability to the euro crisis should help the … also good for the authorities in euro partner countries to recognize. Germany is bound to catch up with the reality that it …
Persistent link: https://www.econbiz.de/10009757118
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After reviewing the main determinants of the current Eurozone crisis, this paper discusses the feasibility of … austerity measures in order to abide by their commitments with Eurozone institutions and the IMF. We show that the introduction … of fiscal currencies would speed up the recovery, without violating the rules of Eurozone Treaties. At the same time …
Persistent link: https://www.econbiz.de/10011542675
seems as if there is an alternative. But what? The Eurozone is in a deep and prolonged crisis. It is now clear that monetary …), Against the Troika is the first book to propose a strategic left-wing plan for how peripheral countries could exit the euro …The deepening crisis of the European Monetary Union -- The theoretical rationale of a monetary union -- Germany as the …
Persistent link: https://www.econbiz.de/10011333732
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Bewältigung der Schuldenkrise wird insbesondere an den Beispielen des Euro-Plus-Pakts, des Stabilitäts- und Wachstumspakts und des … -- Neuorientierung der Regulierungspolitik -- Die Politik der Bewältigung der Schuldenkrise im Euroraum -- Die Geldpolitik der … Europapolitik und Euro-Rettungspolitik -- Empirischer Befund …
Persistent link: https://www.econbiz.de/10011765404
der europäischen Wirtschafts- und Währungsunion fällen, wobei sie in Deutschland den Hauptverantwortlichen für die Krise … sehen. Die rigorose Sparpolitik, Lohnsenkungen und Sozialabbau, die Deutschland als führende Macht in Europa den südlichen … ein kontrollierter Austritt aus dem Euro werden als Alternative aufgezeigt. Ein viel beachteter Diskussionsbeitrag. (2) …
Persistent link: https://www.econbiz.de/10010487023
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