The Temptation to Exit the Eurozone in the Context of the Current Sovereign Debt Crisis

Cîndea Iuliana Marina () and Cîndea Moise ()
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Cîndea Iuliana Marina: „Petre Andrei” University of Iasi
Cîndea Moise: „Petre Andrei” University of Iasi

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 222-227

Abstract: When a fire breaks out, we learn very quickly who is prepared to enter into that building in order to save lives and who runs away to avoid danger. The current sovereign debt crisis is precisely the kind of crisis that reveals true characters, that shows which states are prepared to enter the Eurozone and which are willing to give up the monetary union. This paper explores the possibility that some Member States of the Economic and Monetary Union (EMU) to leave the European monetary arrangement, as well as the potential consequences, both for those countries and for the EMU.

Keywords: Eurozone; European single currency; national currency; sovereign debt crisis; default. (search for similar items in EconPapers)
JEL-codes: F15 F33 F34 F50 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xi:y:2011:i:9:p:222-227

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