 The End of EuroMiroslav Prokopijević ()
A chapter in Economy, Finance and Business in Southeastern and Central Europe, 2018, pp 1-20 from Springer Abstract: Abstract Euro was introduced to extend and strengthen the euro-integrations, but it might in turn blow them up. There is neither an econometric model nor conclusive inference to prove that euro and eurozone, as we know them, will disappear. Nevertheless, construction problems, misfortunate political decisions in monetary matters, breach of fundamental rules of the game, and their poor enforcement had created and strengthened incentives working against the survival of the zone. In order to survive, the eurozone needs to address three problems. First, who is going to pay debts of troubled countries? Second, how to keep fiscal discipline in the eurozone in order to avert another debt crisis? Third, how to regain competitiveness, not only in the troubled eurozone countries but in the whole EU? For now, the eurozone has partial answers to the first two questions, but it is short of a comprehensive and viable solution. A demise of euro and eurozone seems to be a setback to nanny state and a step toward getting rid of it in Europe. Keywords: Euro; Eurozone; Debt crisis; Mismanagement; Social welfare state (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-70377-0_1 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-70377-0_1 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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