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EMU sustainability and the prospects of peripheral economies

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  • Papaspyrou Theodoros

    ()
    (Bank of Greece)

Abstract

The paper analyses initiatives undertaken to contain the impact of the sovereign debt crisis and improve economic governance in emu and examines further some fundamental questions about emu’s sustainability looking at emu’s performance for far and at its main strengths and weaknesses. A basic conclusion is that decisions undertaken to improve economic governance strengthened decisively the “weaponry” of the EU and individual member states to overcome the crisis, although existing mechanisms must be further strengthened and new instruments created. Peripheral economies can win the growth game within a better functioning emu once they will have adopted a more sustainable growth model.

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File URL: http://www.bankofgreece.gr/BogEkdoseis/econbull201204.pdf
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Bibliographic Info

Article provided by Bank of Greece, Economic Research Department in its journal Economic Bulletin.

Volume (Year): (2012)
Issue (Month): 36 (April)
Pages: 7-29

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Handle: RePEc:bog:econbl:y:2012:i:36:p:7-29

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Web page: http://www.bankofgreece.gr
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Keywords: EMU;

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References

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Cited by:
  1. Zacharias Bragoudakis & Dimitrios Sideris, 2012. "Do retail gasoline prices adjust symmetrically to crude oil price changes? the case of the Greek oil market," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 7-21, December.
  2. Petros M. Migiakis, 2012. "Reviewing the proposals for common bond issuances by the euro-area sovereign under a long-term perspective," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 43-54, December.
  3. Costas N. Kanellopoulos, 2012. "The Size and structure of uninsured employment," Economic Bulletin, Bank of Greece, Economic Research Department, issue 37, pages 23-41, December.

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