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EMU sustainability and the prospects of peripheral economies

  • Papaspyrou Theodoros

    ()

    (Bank of Greece)

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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Article provided by Bank of Greece 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
Contact details of provider: Web page: http://www.bankofgreece.gr

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