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Crisis en la Zona Euro: Perspectiva de un impago en la periferia y la salida de la moneda única común

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Author Info

  • C. Lapavitsas

    (School of Oriental and African Studies,University of London)

  • A. Kaltenbrunner

    (School of Oriental and African Studies,University of London)

  • G. Labrinidis

    (School of Oriental and African Studies,University of London)

  • D. Lindo

    (School of Oriental and African Studies,University of London)

  • J. Meadway

    (School of Oriental and African Studies,University of London)

  • J. Michell

    (School of Oriental and African Studies,University of London)

  • J.P. Painceira

    (School of Oriental and African Studies,University of London)

  • E. Pires

    (School of Oriental and African Studies,University of London)

  • J. Powell

    (School of Oriental and African Studies,University of London)

  • A. Stenfors

    (School of Oriental and African Studies,University of London)

  • N. Teles

    (School of Oriental and African Studies,University of London)

Abstract

El endeudamiento de España, Portugal y Grecia ha crecido en los últimos años debido principalmente a un sector privado que, incapaz de competir con éxito dentro de la zona euro, ha acumulado deuda tanto interna como externa. La deuda total - tanto pública como privada - plantea problemas graves para los bancos de los países del centro de la zona euro, que se enfrentan también a problemas de liquidez debido a la financiación de activos en dólares mediante pasivos en euros. Las políticas adoptadas por la UE pretenden rescatar a los bancos al tiempo que facilitan el endeudamiento de los Estados. Sin embargo, un simple análisis de la demanda agregada muestra que la austeridad que suponen tales medidas probablemente conduzca a la recesión. En este contexto, el presente documento analiza la opción del impago y la salida de la moneda común para los países periféricos. Esta estrategia ofrece la posibilidad de un crecimiento más fuerte y más equitativo, pero sólo si se lleva a cabo a iniciativa del prestatario. Adicionalmente, debería ir acompañada de un programa de reformas que invirtiera la orientación neoliberal de la política actual.

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Bibliographic Info

Article provided by Asociación de Economía Crítica in its journal Revista de Economía Crítica.

Volume (Year): 11 (2011)
Issue (Month): ()
Pages: 131-171

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Handle: RePEc:ret:ecocri:rec11_06

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As found by EconAcademics.org, the blog aggregator for Economics research:
  1. EuroSandeces
    by José Francisco Bellod Redondo in jfbellod on 2012-05-16 19:17:00

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