{"id":4604,"date":"2012-10-16T18:10:18","date_gmt":"2012-10-16T16:10:18","guid":{"rendered":"http:\/\/www.poleconomix.gr\/portal\/?p=4604"},"modified":"2012-10-18T17:58:59","modified_gmt":"2012-10-18T15:58:59","slug":"euro-needs-a-reset","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/euro-needs-a-reset\/","title":{"rendered":"Euro needs a reset"},"content":{"rendered":"<p>Eichengreen,\u00a0\u00a0Barry.<\/p>\n<p>\u0395uropean monetary union requires a reboot but hopes it can happen by the end of the year are misplaced<\/p>\n<div>\n<p>With every day that passes, it becomes harder to deny that Europe\u2019s leap to monetary union was a mistake.\u00a0 Creating a monetary union without also creating a banking union allowed the continent\u2019s banks to run wild.\u00a0 It meant that the monetary union lacked an adequate mechanism for winding down insolvent financial institutions.\u00a0 Creating a monetary union without also creating a fiscal union meant that there was no way of transferring resources from booming to depressed regions.\u00a0 In its absence, the latter were consigned to the perdition of depression and crushing debt.\u00a0<\/p>\n<p><strong>\u03a0\u03b7\u03b3\u03ae: <\/strong><a href=\"http:\/\/www.emergingmarkets.org\/\">www.emergingmarkets.org<\/a><\/p>\n<p><a href=\"http:\/\/www.emergingmarkets.org\/Article\/3101300\/Economics-and-Policy\/BARRY-EICHENGREEN-Euro-needs-a-reset.html\" target=\"_blank\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Eichengreen,\u00a0\u00a0Barry. \u0395uropean monetary union requires a reboot but hopes it can happen by the end of the year are misplaced With every day that passes, it becomes harder to deny that Europe\u2019s leap to monetary union was a mistake.\u00a0 Creating a monetary union without also creating a banking union allowed the continent\u2019s banks to run [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,37],"tags":[26,25],"class_list":["post-4604","post","type-post","status-publish","format-standard","hentry","category-18","category-37","tag-26","tag-25"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=4604"}],"version-history":[{"count":4,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4604\/revisions"}],"predecessor-version":[{"id":4632,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/4604\/revisions\/4632"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=4604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=4604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=4604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}