Publication details
Eurozone Debt Crisis and its Consequences
| Authors | |
|---|---|
| Year of publication | 2014 |
| Type | Article in Proceedings |
| Conference | Proceedings of the 8th international conference on currency, banking and international finance |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | Debt crisis; monetary integration; monetary policy |
| Description | The main aims of the article are to analyze the causes leading up to the Eurozone debt crisis, measures taken to save highly indebted members of the Eurozone and to propose possible solutions to the problem. Although the hottest issue now is the debt crisis, the main trouble of EMU is its structural inconsistency, unsatisfactory institutional arrangement and insufficient respect for rules. The current EMU crisis does not consist in the opportunity of some members to part with it; it consists in the preservation of the current way of its (non)functioning. |