Shafik, N., (2013), “Europe’s Choice: Risk Stagnation or Pursue Integration”, iMFdirect Blog, 11 Οκτωβρίου.
Europe faces a stark choice: risk stagnation or pursue integration. It can continue to muddle through, and hope that growth in the world economy will eventually pick up enough steam to pull its economy out of the doldrums. Or it can make a decisive push to revitalize its economy and complete the reforms needed to achieve a fully integrated economic and monetary union
Five years into the crisis, recovery in the euro area remains fragile. Important actions at both the national and euro-wide levels have tackled the immediate threats to the single currency. These include the European Central Bank’s announcement in 2012 that it stands ready to undertake outright monetary transactions in secondary sovereign bond markets, the completion of the European Stability Mechanism, which created a financial firewall around the euro area, and efforts to restore the health of public finances and implement structural reforms.
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- Duff, A. and Verhofstadt, G., (2013), “Europe: an end to fallacy”, European Politics and Policy Blog, 08 Οκτωβρίου.
- De Grauwe, P. and Ji, Y., (2013), “The Legacy of Austerity in the Eurozone”, Centre for European Policy Studies, 04 Οκτωβρίου.
- Tilford, S., (2013), “Eurozone recovery: The world is not enough”, Centre for European Reform Blog, 03 Οκτωβρίου.
- Spolaore, En., (2013), “What Is European Integration Really About? A Political Guide for Economists”,Journal of Economic Perspectives, Vol. 27, N.3, pp. 125-44.