Legrain, Philippe, (2015), “The Eurozone’s German Problem”, Social Europe Journal, 27 Ιουλίου
The eurozone has a German problem. Germany’s beggar-thy-neighbor policies and the broader crisis response that the country has led have proved disastrous. Seven years after the start of the crisis, the eurozone economy is faring worse than Europe did during the Great Depression of the 1930s. The German government’s efforts to crush Greece and force it to abandon the single currency have destabilized the monetary union. As long as German Chancellor Angela Merkel’s administration continues to abuse its dominant position as creditor-in-chief to advance its narrow interests, the eurozone cannot thrive – and may not survive.
Σχετικές Αναρτήσεις
- Wren-Lewis, S. (2014) “Why the Eurozone suffers from a Germany problem“, Mainly Macro Blog, 26 Οκτωβρίου.
- Steinberg, Fr., Vermeiren Matt., (2015), “Germany’s Institutional Power and the EMU Regime after the Crisis: Towards a Germanized Euro Area?”, Journal of Common Market Studies, 2015, pp.1-20.