(analogous to Germany today).However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy …An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The … liabilities) and Germany (a surplus country) with large claims is seen as similar to the rising and persistent balance of payments …

An analogy has been made between the collapse of the Bretton Woods system in 1971 and the recent Eurozone crisis. The … liabilities) and Germany (a surplus country) with large claims is seen as similar to the rising and persistent balance of payments …However Bretton Woods is very different from the Eurozone in many dimensions. An even better analogy than BWS is a …

Varoufakis, the former Finance Minister of Greece, shows here that the Eurozone is a house of cards destined to fall without a …, the former Finance Minister of Greece, shows here that the Eurozone is a house of cards destined to fall without a radical …

warranted. To make this claim, this paper uses a Propensity Score Matching Model to produce counterfactuals for the Eurozone … more in the Eurozone periphery than in the standard counterfactual scenario. These results are not dictated by any specific … Eurozone's specificity, which is instead to be traced back to a sharper-than-expected contraction in investment and fiscal …