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  • 标题:Pandora box: The eurozone and the euro crisis
  • 本地全文:下载
  • 作者:Bryan McIntosh ; Fabrizio Ferretti | David McMillan Reviewing Editor
  • 期刊名称:Cogent Economics & Finance
  • 电子版ISSN:2332-2039
  • 出版年度:2015
  • 卷号:3
  • 期号:1
  • DOI:10.1080/23322039.2015.1092860
  • 出版社:Taylor and Francis Ltd
  • 摘要:

    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.

  • 关键词:currency union ; current account surpluses ; euro ; eurozone ; financial crisis ; public finances
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