Has the Euro Any Future Under Secular Stagnation?

Francisco Louçã ()
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Francisco Louçã: Lisbon University

A chapter in The Euro and the Crisis, 2017, pp 95-107 from Springer

Abstract: Abstract This chapter investigates the dynamics of the world economy and the political constraints in 2016, and then discusses the effects of the Portuguese integration in the euro. As the financial crash and then the recession unfolded, the difficulties of the European peripheral economies were amplified by austerity measures leading to social and political unrest. Finally, the chapter reviews some of the debates on the alternative strategies and considers the conditions and difficulties for a negotiation on the reduction of the external debt and namely for an exit from the Eurozone.

Keywords: Euro; European Union; Debt; Secular stagnation (search for similar items in EconPapers)
JEL-codes: E58 E60 G38 H63 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-45710-9_7

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DOI: 10.1007/978-3-319-45710-9_7

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