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Zona Euro: un adevăr care nu convine

Listed author(s):
  • Croitoru Lucian

    (Banca Naţională a României)

In this study, we show that the main problem facing the Eurozone economy is the relatively low competitiveness of the PIIGS economies. Findings show that the defining trait of PIIGS countries is neither budget deficits, nor public debt, but rather the current account deficits. We argue that, while tightening fiscal discipline within the Eurozone is a must, it does not solve that problem.

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Article provided by Romanian Society for Economic Science, Revista OEconomica in its journal Revista OEconomica 03/2012.

Volume (Year): (2012)
Issue (Month): 03 (September)

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Handle: RePEc:oen:econom:y:2012:i:03:id:332
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