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Karlsruhe’s Underappreciated Threat To The Euro

Watt, A., (2014), “Karlsruhe’s Underappreciated Threat To The Euro”, Social Europe Journal, 11 Φεβρουαρίου.

Τhe euro area once again faces a potentially existential threat, following Friday’s decision by the German Constitutional Court in Karlsruhe. The funny thing is, hardly anyone seems to realise it.

To see why this is the case it is helpful to separate the procedural from the substantive issues, before bringing them together again.

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