Wickens, Mike, (2016), “Avoiding another Eurozone Crisis while avoiding the Five Presidents’ Report: Part I”, Voxeu, 7 June
European Monetary Union was designed to promote economic growth, price stability, full employment, and political integration. It can be argued that so far, it has achieved none of these and has in fact made things worse. The Five Presidents’ Report contained a set of proposals for making the single currency sustainable, based on giving up more national independence. This column – the first in a two-part series asking whether future crises might be avoided through market forces without the need for the sort of procrustean proposals offered in the Report – examines the causes of the Eurozone Crisis.
Relevant Posts
- Amato, Massimo, Fantacci, Luca, Papadimitriou, Dimitri B., Zezza, Gennaro, (2016), “Going Forward from B to A? Proposals for the Eurozone Crisis”, Levy Economics Institute of Bard College, Μay
- Storm, Servaas, Naastepad, C.W.M., (2016), “Myths, Mix-ups, and Mishandlings: Understanding the Eurozone Crisis”, International Journal of Political Economy, 29 Αpril