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In the heat of the debt crisis, German Chancellor Angela Merkel made an admission that clarified for many the stark choices facing Europe: rolling government debt too far into the future was no longer an option for Germany because there was no guarantee the country’s aging population could cover the bills once they came due.
Radu Titus MARINESCU +3 more
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2016
Even the most critical observers of the creation of the euro found some nice words on the occasion of its 10th anniversary. And yet it needed only a marginal event like the announcement of the newly elected Greek government that the previously stated public debt ratio was gravely miscalculated to move the euro into a critical crisis zone.
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Even the most critical observers of the creation of the euro found some nice words on the occasion of its 10th anniversary. And yet it needed only a marginal event like the announcement of the newly elected Greek government that the previously stated public debt ratio was gravely miscalculated to move the euro into a critical crisis zone.
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World Economics Journal, 2013
This article examines the degree of convergence of the economies of the eurozone since the start of the single currency in 1999. Convergence, both in nominal and real forms, is measured using the coefficient of variation of several economic variables.
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This article examines the degree of convergence of the economies of the eurozone since the start of the single currency in 1999. Convergence, both in nominal and real forms, is measured using the coefficient of variation of several economic variables.
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2015
Die Eurozone kann nicht Staat heisen. Herkommliche Merkmale der Staatlichkeit fehlen. ihr. Wohl liese sich muhelos zeigen, dass sie unter formellen Gesichtspunkten noch weniger „Staat“ fur sich reklamieren kann als die Europaische Union. Die folgende Skizze interessiert sich indes fur materielle Staatsqualitaten, die eine Schicksalsgemeinschaft ...
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Die Eurozone kann nicht Staat heisen. Herkommliche Merkmale der Staatlichkeit fehlen. ihr. Wohl liese sich muhelos zeigen, dass sie unter formellen Gesichtspunkten noch weniger „Staat“ fur sich reklamieren kann als die Europaische Union. Die folgende Skizze interessiert sich indes fur materielle Staatsqualitaten, die eine Schicksalsgemeinschaft ...
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Eurozone Dystopia traces the origin of the Eurozone and shows how the historical Franco-German rivalry combined with the growing dominance of neo-liberal economic thinking to create a monetary system that is deeply flawed and destined to fail. It argues that the political class in Europe is trapped in a destructive groupthink which prevents it from ...
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