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 …

This paper studies the emergence of sovereign bond yield spreads in the Eurozone prior to the financial crisis. While … spreads were close to zero in European government debt markets until the mid-2000s, they have persistently widened since then … reform, was the institutional change triggering the emergence of sovereign spreads in the Euro Area. Conditional eligibility …

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 …