 ForewordEEAG Report on the European Economy, 2014, 01 Abstract: Expanding on topics that were discussed in previous issues, this year’s report of the European Economic Advisory Group at CESifo (EEAG), the thirteenth of the series, shows that austerity is still necessary to achieve a rebalancing of relative prices within the euro area and offers a critical analysis of the concept of a unified banking system, which suffers from the attempt to implicitly socialise legacy assets, rather than offering a convincing bail-in strategy. Regardless of the diversity of the euro area, the report emphasises the importance of remaining on “The Road to Cohesion” and proposes Switzerland as a successful example. Despite its separate language groups, Switzerland has managed to build a functioning state with a decentralised structure based on the no-bailout principle, after being created as a defence union with a common army. Date: 2014 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ces:eeagre:v::y:2014:i::p:01 Access Statistics for this article More articles in EEAG Report on the European Economy from CESifo Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.