Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account … intra-euro area competitiveness. This implies that private restructuring and public reforms are rather than public transfers … the best way to preserve long-term economic stability in Europe. -- Structural reforms ; competitiveness ; current account …