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“Euro” Crisis. Origins, State and Perspectives

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  • Paolo Piacentini

Abstract

During the past year, speculative attacks on titles of Sovereign Debt of weaker member countries,endangering the continuation of the common currency area itself, were eventually contained by statements and actions of the European Central Bank, capable to convince the "market" that "defaults" would not occur at least in a near horizon. However, the institutional and structural flaws of "Eurosystem" are still there, and "Eurocrisis", meant as the crisis of real economies of member countries facing the effect of fiscal adjustments appears to get worse.These notes are meant to recall these original weaknesses and critical developments of the Euro area, in a joint consideration of the financial and real aspects of the crisis deployment.

Suggested Citation

  • Paolo Piacentini, 2013. "“Euro” Crisis. Origins, State and Perspectives," Working Papers 0006, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
    • Handle: RePEc:ast:wpaper:0006
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    References listed on IDEAS

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    1. Engelbert Stockhammer, 2004. "Financialisation and the slowdown of accumulation," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 28(5), pages 719-741, September.
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    More about this item

    Keywords

    Eurozone. Financial Crisis; Eurocrisis;

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts

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