Enthält: Maystadt, P.: The myths that Europe's policymakers must forget. - S. 32-37 Juncker, J.-C.: The eurozone enters adulthood. - S. 38-41 Bishop, G.: Three scenarios for the unfolding eurozone crisis. - S. 42-47 Verhofstadt, G.: The economic governance that the EU needs. - S. 48-53 Flassbeck, H.: Eurozone pointers to a new global monetary system. - S. 54-58
Intro -- THE EUROZONE: TESTING THEMONETARY UNION -- THE EUROZONE: TESTING THEMONETARY UNION -- CONTENTS -- PREFACE -- Chapter 1 THE FUTURE OF THE EUROZONE -- SUMMARY -- INTRODUCTION -- BACKGROUND ON THE ECONOMIC AND MONETARYUNION (EMU) -- Origins, Rationale, and Economic Significance -- Key Provisions of the EMU -- Design Challenges -- ECONOMIC IMBALANCES AND ADJUSTMENTMECHANISMS WITHIN THE EUROZONE -- Imbalances within the Eurozone -- Adjustment Mechanisms -- EUROZONE CRISIS MEASURES AND REFORM PROPOSALS -- Emergency Crisis Measures -- Greece Package -- European Financial Stability Mechanism -- European Financial Stability Facility -- Participation of the International Monetary Fund -- European Central Bank Response -- Economic Governance Reforms -- Fiscal Policy Reforms -- Economic Growth Policies -- POSSIBLE SCENARIOS FOR THE FUTUREOF THE EUROZONE -- Scenario 1. The Eurozone Breaks Apart -- Exit by One or More Southern European Countries -- Exit by One or More Northern European Countries -- Scenario 2. The Eurozone Survives -- Scenario 3. The Eurozone Becomes More Integrated -- IMPLICATIONS FOR U.S. INTERESTS -- Economic Implications -- Political Implications -- CONCLUDING OBSERVATIONS -- ACKNOWLEDGMENTS -- End Notes -- Chapter 2 FREQUENTLY ASKED QUESTIONS ABOUT -- SUMMARY -- BACKGROUND ON THE EUROZONE AND THE IMF -- What is the Eurozone? -- What is the IMF? -- EUROZONE/IMF FINANCIAL ASSISTANCEPACKAGE FOR GREECE -- Why Did Greece Turn to the other Eurozone Member Statesand the IMF for Financial Assistance? -- What Financial Assistance is being Provided to Greece? -- What is the U.S. Contribution to the IMF Loan to Greece? -- What is the IMF's Creditor Status in its Loan to Greece? -- Who Bears the Risk of the IMF's Loan to Greece? -- What Reforms are Part of Greece's Package with the IMF?
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Die folgenden Links führen aus den jeweiligen lokalen Bibliotheken zum Volltext:
Enthält: Dowgielewicz, M.: Slashing the EU's budget won't fix the crisis. - S. 46-49 Rybiński, K.: Europe's last chance to save the euro. - S. 50-55 Papantoniou, Y.: Policy prescriptions for curing "eurozonitis". - S. 56-60 Everaert, L.; Allard, C.: How to breathe new life into the eurozone. - S. 61-63 Taylor, P.: The media's controversial role in the €-zone crisis. - S. 64-67
Die Eurokrise hat ihren Ursprung nicht nur in einer Staatsschuldenkrise. Sie wurde ebenfalls durch eine Zahlungsbilanzkrise verursacht. Ein breit gefächerter Ansatz in der Wirtschaftspolitik ist daher erforderlich, um die Eurozone auf einen nachhaltig stabilen und dynamischen Wachstumspfad zurückzubringen. ; A multi-faceted approach is required for the euro area to restore sustainable growth and prevent a vicious circle of public- and private-sector deleveraging leading to weaker economic activity which in turn results in a further deterioration in banks' asset quality. While avoiding discretionary fiscal expansion, creditor countries should work together with debtor countries to accelerate micro-economic reforms in product, services and labor markets to achieve greater macro-economic convergence in the euro area. This, with together the restoration of the health and resilience of the banking sector, is the key to the area's viability. The ECB's policy to avoid any deflationary bias while stabilizing inflation at or around 2 per cent for the euro-area as a whole should be another component of such an approach.
Real divergences in economic performances that emerge between countries belonging to the eurozone make it necessary to define an economic policy oriented toward a re-industrialization of some regions in Europe. In a world characterised by irreversibility of investment and imperfection of marketinformation, supply reforms should consist inestablishing a framework aimed at supporting both botcompetition and cooperation between the various players of innovation, and thus allowing firms'strategies tobesuccessful. This requires reconsidering both national and European policies that are growth-enhancing, that is,competition policy, labour policy, regional policy, but also industrial policythat takes the form of large public programmes. However, any change in the industrial landscape in Europe will only be possible if a new macroeconomicpolicy prevents inappropriate destruction ofproductive capacities
