Snower, Dennis J.; Boysen-Hogrefe, Jens; Gern, Klaus-Jürgen - 2013
The European Union at the crossroads - Thirteen years after its foundation, the European Monetary Union (EMU) is facing … interrelated fiscal and financial crises in the euro area have provoked a series of extraordinary policy measures. Some of these … threatening to become undermined (see Box 1). Possible outcomes include the chaotic dissolution of the EMU, with unpredictable …