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Varoufakis sparked one of the most spectacular and controversial battles in recent political history when, as finance minister of Greece, he attempted to re-negotiate his country's relationship with the EU. Despite the mass support of the Greek people and the simple logic of his arguments, he...
Persistent link: https://www.econbiz.de/10011669537
Als griechischer Finanzminister löste Varoufakis eine der spektakulärsten und kontroversesten Auseinandersetzungen der jüngsten politischen Geschichte aus, als er versuchte, die Beziehung seines Landes mit der EU neu zu verhandeln. Trotz der massenhaften Unterstützung seitens der...
Persistent link: https://www.econbiz.de/10011670508
The present paper provides a comprehensive legal analysis in Union law of the Greek bailout and the European stability … mechanism. These measures, which were taken to rescue Greece from the debt crisis and to defend the Euro, pose a number of … provisions which prohibit a bailout. Externally, the absence of a framework in the relations between the European Union and the …
Persistent link: https://www.econbiz.de/10014189692
A much-needed critical investigation of the root causes of the European sovereign debt crisis, featuring contributions … United States -- Europe's toxic loans -- The EU in crisis -- Rescue funds: multilateralism euro-style -- Terms of the rescue … -- Escalation, contagion and burden sharing -- Cracks appear in the design of Eurozone institutions -- Structural imbalances in …
Persistent link: https://www.econbiz.de/10012680892
Using a quantitative sovereign default model, we characterize constrained efficient borrowing by a Ramsey government that commits to income-history-contingent borrowing paths taking as given ex-post optimal future default decisions. The Ramsey government improves upon the Markov government...
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