sparked an unprecedented sovereign debt crisis that rapidly spread to the Euro-Zone's weakest member states. As the crisis … increasingly drove a wedge between a seemingly resilient Euro-Zone core and its faltering periphery, its first collateral victims … were the private banks of the hardest-hit sovereigns. They were rapidly followed by the rest of the Euro-Zone's banks as a …

loan rate components, we exploit the co-existence of eurozone-wide security purchase programs and regional fiscal policies …

quasi-fiscal rescue operations can undermine this consensus and lead to a disintegration of the Eurozone. There are also …

? Stefan Homburg, Universität Hannover, ist skeptisch. Seiner Ansicht nach steckt die Eurozone in einer Zwickmühle. Etliche … Wirtschaftswachstum in Südeuropa, das aber unrealistisch sei. Wer die Lage der Eurozone nüchtern betrachte, müsse angesichts der Zunahme …

. Selbst wenn noch weitere Staaten in der Eurozone einen ähnlichen Abwertungsantrag stellen sollten, wären die Konsequenzen …