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ID107598
Title ProperCan Europe's divided house stand?
Other Title Informationseparating fiscal and monetary union
LanguageENG
AuthorDixon, Hugo
Publication2011.
Summary / Abstract (Note)Most pundits argue the eurozone has only two options: break up or create a fiscal union to match its monetary one. In fact, there's a third, and better, path: adopt tighter market discipline, bailing out illiquid countries while letting truly insolvent ones go bust. The result would be a collection of fitter economies and a Europe strong enough to play a big role on the world stage.
`In' analytical NoteForeign Affairs Vol. 90, No. 6; Nov-Dec 2011: p.74-82
Journal SourceForeign Affairs Vol. 90, No. 6; Nov-Dec 2011: p.74-82
Key WordsEurope ;  Monetary Union ;  Conventional Wisdom ;  Germany


 
 
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