Revisiting the crisis of the EMU: challenges and options

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Abstract (may include machine translation)

As the global economy has faltered in recovering from the debt and financial crises, the institutional efficacy (and sometimes even the overall viability) of one of its strongest constituent parts, the Eurozone, has been questioned by academia, the media and the political class alike. Observing the cat-and-mouse game between the all-powerful and swiftly reacting global capital markets on the one hand and the slow, hesitant, and always half-hearted reactions by EU governments on the other, the voices of scepticism gained in momentum. This contribution seeks to identify the object of the current crisis and to ex-plain its underlying causes. Furthermore, emerging policy solutions are assessed with special emphasis on the economic theory of European integration.
Original languageEnglish
Pages (from-to)53-77
Number of pages25
JournalZEITSCHRIFT FUR STAATS- UND EUROPAWISSENSCHAFTEN
Volume10
Issue number1
StatePublished - 2012

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