Completing the Euro: The Euro Treasury and the Job Guarantee
Esteban Cruz-Hidalgo (),
Dirk Ehnts and
Pavlina R. Tcherneva
Additional contact information
Esteban Cruz-Hidalgo: Universidad de Extremadura
Pavlina R. Tcherneva: Bard College
Authors registered in the RePEc Author Service: Esteban Cruz Hidalgo ()
Revista de Economía Crítica, 2019, vol. 27, 100-111
The problems with the design of the Eurozone came into focus when, late in 2009, several member nations – notably Greece – failed to refinance their government debt. The crisis that followed was not entirely a surprise. When the Euro was launched in 1999, many economists warned that the single currency was unworkable. Even Eurozone optimists argued that the Euro project would eventually need to be completed. More than 10 years after the crisis, unemployment rates remain elevated and continue to threaten the social, political and economic stability of the Eurozone. The institutional constraints of the single currency however preclude bold action to address these challenges. In this paper, we suggest that tackling the twin problems of the Eurozone – its institutional flaws and mass unemployment – could be addressed by creating a Euro Treasury that would finance a Job Guarantee program, which would eliminate mass unemployment, enhance price stability, and foster social and economic integration across Europe.
Keywords: Euro; Euro Treasury; Job Guarantee; Monetary Sovereignty (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://revistaeconomiacritica.org/sites/default/fi ... pleting-the-Euro.pdf
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ret:ecocri:rec27_09
Access Statistics for this article
More articles in Revista de Economía Crítica from Asociación de Economía Crítica Contact information at EDIRC.
Bibliographic data for series maintained by Emilio Padilla Rosa ().