Completing the Monetary Union of Europe as Mid-term Solution of the Euro Crisis

Justina A. V. Fischer and Francesco Pastore

No 9230, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted.

Keywords: IMF; Germany; Greece; Euro; Europe; Monetary Union (search for similar items in EconPapers)
JEL-codes: E12 E62 F15 F16 F33 F55 H12 H50 H63 O42 O43 (search for similar items in EconPapers)
Pages: 12 pages
Date: 2015-07
New Economics Papers: this item is included in nep-eec, nep-mac and nep-mon
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Working Paper: Completing the Monetary Union of Europe as mid-term solution of the Euro crisis (2015)
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