The Eurozone crisis: Fiscal fragility, external imbalances, or both?

Alessandrini, Pietro,   Fratianni, MicheleHughes Hallett, Andrew &  Presbitero, Andrea

Unsustainable debt along Europe’s periphery is bringing the euro to breaking point. But this column argues that this is not simply the result of fiscal ill-discipline. After 2010, the Eurozone crisis went from a fiscal crisis to a balance-of-payments crisis – with different prescriptions for policy.

 Πηγή: Voxeu

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