Artikel

Pandora box: The eurozone and the euro crisis

The global economy has experienced considerable turbulence since 2007. The financial crisis has been viewed as the trigger for a prolonged period of economic decline. This decline remains an issue for all member states of the European Union, the eurozone and beyond. We argue genesis of this crisis lies in the integration negotiations of 1991, ratified in 1992. These produced a flawed economic model within the eurozone. Given the seeds of decay were planted at origin; we argue the solution can be found through a reconstructed eurozone via looser integration, where countries less equipped to deal with the realities of closer integration will be economically independent.

Language
Englisch

Bibliographic citation
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 3 ; Year: 2015 ; Issue: 1 ; Pages: 1-9 ; Abingdon: Taylor & Francis

Classification
Wirtschaft
Subject
currency union
current account surpluses
euro
eurozone
financial crisis
public finances

Event
Geistige Schöpfung
(who)
McIntosh, Bryan
Ferretti, Fabrizio
Event
Veröffentlichung
(who)
Taylor & Francis
(where)
Abingdon
(when)
2015

DOI
doi:10.1080/23322039.2015.1092860
Handle
Last update
10.01.0014, 11:41 AM CET

Data provider

This object is provided by:
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Object type

  • Artikel

Associated

  • McIntosh, Bryan
  • Ferretti, Fabrizio
  • Taylor & Francis

Time of origin

  • 2015

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