Tilford, Simon, Springford, John, Odendahl, Christian, (2016), “Conference report: Has the euro been a failure?”, Centre for European Reform, 11 Ιανουαρίου.
November’s conference, which brought together 50 leading economists, considered whether the euro was a failure. A host of questions were debated. How should the euro be judged? Purely by the fact that it has survived? Or by the fact that is has become a significant international reserve currency? Or by comparing what its proponents said it would do for Europe with what had actually happened? Had the euro helped Europe to address the economic and political challenges facing it? Or had it made it harder to address those challenges, while also creating new ones? Could a dismantling of the eurozone open the way for economic recovery and an easing of political tensions? Or would it unleash unmanageable economic and political instability? There was broad consensus that the euro had been a disappointment: the currency union’s economic performance was very poor, and rather than bringing EU member-states together and fostering a closer sense of unity and common identity, the euro had divided countries and eroded confidence in the EU. While only a few participants thought it possible or advisable to dismantle the eurozone, there was broad pessimism over the ability of the eurozone political elite to sell the needed integrationist steps to their increasingly disillusioned electorates.
Σχετικές Αναρτήσεις
- Miscossi, St., (2015), “The Monetary Policy of the European Central Bank (2002-2015)”, CEPS Special Report, 22 Μαΐου 2015.
- Panagiotarea, Eleni (2015) “The Greek Surge against Austerity: A Blessing or a Curse for the Eurozone?”, Heinrich-Böll-Stiftung – European Union, 08 Απριλίου 2015.