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Euro Crisis: The Significance of the Euro Rescue Plan for Germany and Europe

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  • Hans-Werner Sinn

Abstract

Hans-Werner Sinn on the Significance of the Euro Rescue Plan for Germany and Europe. As the Euro Rescue Act is formulated, it is an incalculable risk for Germany and is sure to slow its growth. It will lead to a further enlargement of the European debt bubble and will subsequently induce transfer payments to the debtor countries because this will be the only way to prevent the bubble from bursting. We are now embarked along the path to a transfer union.

Suggested Citation

  • Hans-Werner Sinn, 2010. "Euro Crisis: The Significance of the Euro Rescue Plan for Germany and Europe," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(10), pages 03-09, May.
    • Handle: RePEc:ces:ifosdt:v:63:y:2010:i:10:p:03-09
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    Citations

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    Cited by:

    1. Hans-Werner Sinn & Teresa Buchen & Timo Wollmershäuser, 2011. "Trade Imbalances – Causes, Consequences and Policy Measures: Ifo’s Statement for the Camdessus Commission," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 12(1), pages 47-58, March.
    2. Rainer Brüderle & Georg Fahrenschon & Carsten Hefeker & Rainer Schweickert & Konrad Lammers, 2010. "Does an economic government for Europe make sense?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(14), pages 03-19, July.
    3. Charles B. Blankart, 2012. "The Euro in 2084," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(1), pages 23-28, February.
      • Charles B. Blankart, 2011. "The euro in 2084," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(16), pages 20-24, September.
    4. Joachim Gürtler & Arno Städtler, 2010. "Rapid comeback of investment in machinery and equipment: Flash in the pan or investment boom? Leasing business is recovering quickly," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(18), pages 28-32, September.
    5. Smeets, Heinz-Dieter, 2012. "Zum Stand der Staatsschuldenkrise in Europa," DICE Ordnungspolitische Perspektiven 30, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    6. Alexander Eck & Joachim Ragnitz & Simone Scharfe & Christian Thater & Bernhard Wieland, 2015. "Public Investments in Infrastructure: Development, Causal Factors and Growth Effects," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 72.
    7. Fabian Lindner, 2015. "Does Saving Increase the Supply of Credit? A Critique of Loanable Funds Theory," World Economic Review, World Economics Association, vol. 2015(4), pages 1-1, February.
    8. Joachim Möller, 2012. "From a Bulwark of Eurosclerosis to a Flexibility Champion? Why Did the German Economy and the Labour Market Do So Well During and After the Recession?," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 10(02), pages 14-19, August.
    9. Smeets, Heinz-Dieter, 2011. "Staatsschuldenkrise in Europa: Ist die Finanzierung der Schuldnerländer alternativlos?," DICE Ordnungspolitische Perspektiven 20, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    10. Fabian Lindner, 2014. "Haben die knappen Weltersparnisse die US-Immobilienblase finanziert?," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 40(1), pages 33-61.
    11. Charles B. Blankart & Erik R. Fasten, 2010. "Save up in times of plenty so you can starve in times of shortage?A German alternative to the structural programme of the EU Commission," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 63(11), pages 13-18, June.

    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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