The European Crisis Without End: The Consequences of European Monetary Integration

Haytham Y.M. Ewaida ()
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Haytham Y.M. Ewaida: Assistant Professor, Economics Department, An- Najah National University, Nablus, West Bank, Autonomous Palestinian Territories

International Journal of Business and Social Research, 2016, vol. 6, issue 8, 15-30

Abstract: This study tackles the Euro-Zone sovereign debts through recognizing the crisis origins, reasons, and the stages it has gone through to decide on its financial and economic effects and the approaches to deal with these effects. The study concludes that there is a real crisis at the European monetary system mechanism besides a lack of any implementable mechanism regarding growth and convergence among the Euro-Zone countries. Add to that the absence of a united financial policy for these countries. The study has approached some recommendations among which: the necessity to expedite the adoption of a united financial policy for all the Euro-Zone countries, the necessity to activate the role of the European Central Bank, the necessity to create mechanisms that can confront any emerging crises in the future.

Keywords: Fiscal policy; macroeconomic policy coordination; monetary policy; sovereign debts crisis. (search for similar items in EconPapers)
JEL-codes: E52 E61 E62 H63 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:mir:mirbus:v:6:y:2016:i:8:p:15-30

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