Eurozone





the Structures of the Eurozone - Missed Link:

 

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  • "at the beginning there had been some - German economic orthodoxy !"

 

 

 

 

 

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  • "but this was too one-sided - was short-sighted !!!!!!"

 

 

 

 

 

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  • "and had not been the best - for the Eurozone !!!!!!"

 

 

 

 

 

 

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  • "the question is - how can the Euro be sustainable ?!!!!!!!!!"

 

 

 

 

 

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  • "what are the best political and economic structures - for the Eurozone ?!!!!!!!!!"

 

 

 

 

 

 

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  • "some countries were able to devalue their currency - in former times !!!!!!!!!"

 

 

 

 

 

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  • "what do they get today - instead ?!!!!!!!!!!!!!!!"

 

 

 

 

 

 

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  • "to search for the right balance - between the states !!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "and to find the right balance - between the states !!!!!!!!!!!!!!!"

 

 

 

 

 


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  • "the better the Eurozone - the better for each country !!!!!!!!!!!!!!!!!!!!!"

 

 

 

 

 

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  • "for the benefit - of all Euro states !!!!!!!!!!!!!!!"

 

 

 

 





 

 

 

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Bailout Ultimatum
- Wall Street Journal:
LINK ¤ WALL STREET JOURNAL

 

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  • "the IMF urges Europe to give Greece - some debt relief !!!!!!!!!!!!"

 

 

 

 

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  • "but Germany - had opposed !!!!!!"

 

 

 

 

 

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  • "had pushed Greece to implement the austerity measures - and broader economic overhauls !!!!!!"

 

 

 

 

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  • "its voters have twice - rejected !!!!!!!!!!!!"

 

 

 

 

 

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  • "European countries should come together to discuss ways - to cancel at least some of the debt !!!!!!!!!!!!"

 

 

 

 

 

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  • "it’s been done before when Germany’s debts were cancelled after 1945 - and it should be done again !!!!!!!!!!!!"

 

 

 

 

 

 


 

 

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Currency Union - Bloomberg: LINK ¤ BLOOMBERG

 

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  • "for a currency union to handle - widely divergent economies !!!!!!!!!"

 

 

 

 

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  • "they must be deeply integrated - across multiple dimensions !!!!!!!!!!!!"

 

 

 

 

 

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  • "various mechanisms for smoothing over - differences among its states !!!!!!!!!!!!"

 

 

 

 

 

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  • "the mechanisms include large - fiscal transfers !!!!!!!!!!!!"

 

 

 

 

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  • "by necessity currency unions - are transfer unions !!!!!!!!!!!!"

 

 

 

 

 

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  • "( about 2.0 percent of the gross domestic product - of the states !!!!!!!!!!!! - ( and not 0.2 percent of its GDP ! ))"

 

 

 

 

 

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  • "large-scale fiscal transfers are not - the only mechanism needed !!!!!!!!!"

 

 

 


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  • "every year, the ECB, the European Central Bank - and the central banks of the states !!!!!!!!!!!!"

 

 

 

 

 

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  • "should reallocate assets - and smooth over regional imbalances !!!!!!!!!!!!"

 

 

 

 

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  • "( for example, a Euro-area sovereign-bond arrangement - that pools deficits !!!!!!!!!!!! )"

 

 

 

 

 

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  • "the Euro was never conceived as an end in itself - it was created as a means toward greater unity, and growth !!!!!!!!!!!!"

 

 

 

 

 

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  • "Europe must integrate - far more deeply !!!!!!!!!!!!!!!!!!!!!!!!"

 

 

 

 


 

 

 

 

 

 

 

 

 

 

 

 

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EUROZONE - Wikipedia EN:
LINK ¤ EUROZONE

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  • "the Eurozone, officially called the Euro area - is a monetary union of 19 of the 27 European Union, EU, member states !"

 

 

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  • "the Euro - € - is the common currency !"

 

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eurozone - 14046EZ
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