Früher einmal ein überzeugter Anhänger des Euro fürchte ich nun, dass uns der Euro zur Übernahme von Schulden … verurteilt, die andere Staaten verursacht haben. Denn mit dem Euro-Schutzschild wurde aus einer Wettbewerbsgemeinschaft eine … proklamierte Ausspruch "Scheitert der Euro, scheitert Europa" ist nicht nur falsch, sondern auch leichtsinnig und verantwortungslos …

.Instead, the budgetary situation in the euro countries is getting worse, the disparities in economic development are increasing … rather than diminishing, thereby endangering the stability of the euro and thus the future of the single currency.There is an …

The crisis in the Euro Zone is due to two factors: over-borrowing by some states and credit booms in others. The … architecture of the Euro remains incomplete, due to lack of enforcement of fiscal discipline and an integrated bank supervision … Euro needs once more a transition phase with a gradual fiscal and asymmetric adjustment with a decisive intervention by …

The euro is widely believed to be a currency without a sovereign state. To make the euro a stable currency, many … this paper that the EU and the euro area member states are the joint sovereign behind the euro. The EU is not a state, but …, the euro should be regarded as a currency beyond the state. For the euro to have a stable sovereign, however, further …