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Etliche Beobachter sind der Ansicht, dass der Euro die aktuelle Krise nicht überleben wird. Anders die Ökonomen Markus Brunnermeier und Jean-Pierre Landau, ein Deutscher und ein Franzose, sowie der britische Wirtschaftshistoriker Harold James. Sie sehen ein Kernproblem des Euro in den...
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This paper reviews the main arguments underpinning the reform of the EU's fiscal framework, which has culminated in the adoption by the EU legislators of a revised set of rules for the European economic governance including the Stability and Growth Pact (SGP). It takes a chronological approach...
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The issue of the size of fiscal spillovers in the euro area has gained prominence recently, given proposals to coordinate fiscal policies that aim at achieving an appropriate “aggregate fiscal stance”, consistent with economic and monetary policy conditions. Given the heterogeneous fiscal...
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recommendations both for new member states (on how to manage their accession to the Eurozone) and for the European Commission, ECB and … current Eurozone members, and should further improve before Eurozone entry, decreasing risk of their exposure to idiosyncratic … credibility of the Euro and price stability in the Eurozone will not be threatened by fast EMU Enlargement. Neither can the …
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