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Steering Europe out of the Crisis

Tsoukalis, Loukas, (2012), ‘Steering Europe out of the Crisis’, Policy Network Working Paper.

Europe must avoid at all costs a prolonged double-dip recession, with the weakest members of the Eurozone leading a desperate suicide dance. The key challenges lie in balancing the burden of adjustment between creditors and debtors, regaining confidence in the irreversibility of Europe’s currency union and restoring the political capacity of both national and European institutions to transform market driven democracies into democratically regulated markets.