Completing the Monetary Union of Europe as Mid-term Solution of the Euro Crisis

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted.

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Year of publication:	2015
Authors:	Fischer, Justina A.V. ; Pastore, Francesco
Publisher:	Bonn : Institute for the Study of Labor (IZA)
Subject:	IMF \| Germany \| Greece \| Euro \| Europe \| Monetary Union

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Series:	IZA Discussion Papers ; 9230
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	833363956 [GVK] hdl:10419/114120 [Handle] RePEc:iza:izadps:dp9230 [RePEc]
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation ; F15 - Economic Integration ; F16 - Trade and Labor Market Interactions ; F33 - International Monetary Arrangements and Institutions ; F55 - International Institutional Arrangements ; h12 ; H50 - National Government Expenditures and Related Policies. General ; H63 - Debt; Debt Management ; O42 - Monetary Growth Models ; O43 - Institutions and Growth
Source:	EconStor

Persistent link: https://www.econbiz.de/10011307457