Governance of a fragile Eurozone
"When entering a monetary union, member countries change the nature of their sovereign debt in a fundamental way, i.e. they cease to have control over the currency in which their debt is issued. As a result, financial markets can force these countries’ sovereigns into default. In this sense, th...
Main Author: | De Grauwe, Paul |
---|---|
Institution: | ETUI-European Trade Union Institute |
Format: | TEXT |
Language: | English |
Published: |
Brussels
2011
CEPS |
Subjects: | |
Online Access: | https://www.labourline.org/KENTIKA-19177533124919957159-Governance-of-a-fragile-eurozo.htm |
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