Avoiding another Eurozone Crisis: Part I | VOX, CEPR’s Policy Portal

Avoiding another Eurozone Crisis: Part I | VOX, CEPR’s Policy Portal

Mike Wickens 07 June 2016

European Monetary Union was designed to promote economic growth, price stability, full employment, and political integration. It can be argued that so far, it has achieved none of these and has in fact made things worse.  The Five Presidents' Report contained a set of proposals for making the single currency sustainable, based on giving up more national independence. This column – the first in a two-part series asking whether future crises might be avoided through market forces without the need for the sort of procrustean proposals offered in the Report – examines the causes of the Eurozone Crisis.

Part II

...a closer look at the proposals in the Five Presidents’ Report for Fiscal, Banking, and Capital Markets Unions and much closer political integration among Eurozone countries. It goes on to give evidence of the failure of financial markets to price risk correctly prior to the Eurozone Crisis. By pricing risks better, financial markets may be able to provide the discipline required to avoid future crises in the Eurozone without the need for greater political interference in national fiscal policy-making as proposed in the Report. 

A New Start for the Eurozone: Dealing with Debt | VOX, CEPR’s Policy Portal

A New Start for the Eurozone: Dealing with Debt | VOX, CEPR’s Policy Portal



This report, the first in the Monitoring the Eurozone series, addresses the measures Eurozone countries need to take to guard against returning financial instability that could threaten a sustainable recovery. The authors consider stock operations, lending structures and regulatory changes in protecting sovereign debt on a national and Europe-wide level.

check  second report too
 the authors propose a package of institutional changes that can help to restore growth and prosperity to the Eurozone, whilst at the same time being politically feasible. 

The Left, Greece, and The Big Lie, Scott Sumner | EconLog | Library of Economics and Liberty

Check this as background The Great Danes: Cultural Values and Neoliberal Reforms 



The Left, Greece, and The Big Lie, Scott Sumner | EconLog | Library of Economics and Liberty

German macro: how it's different and why that matters

German macro: how it's different and why that matters

Universal Basic Income By Compass (pdf)

UniversalBasicIncomeByCompass-Spreads.pdf

Coppola Comment: The Eurogroup statement on Greece, annotated

Coppola Comment: The Eurogroup statement on Greece, annotated

Druckman Peterson Slothuus : "How Elite Partisan Polarization Affects Public Opinion Formation"(pdf)

Druckman Peterson Slothuus APSR 2013.pdf

via Andre Spicer : "Why do you make stupid decisions when the experts tell you otherwise?"