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Reforming the Eurozone

Author

Listed:
  • Radu Titus MARINESCU

    („Artifex” University of Bucharest)

  • Constantin ANGHELACHE

    („Artifex” University of Bucharest / Academy of Economic Studies, Bucharest)

  • Valentin BICHIR

    (Academy of Economic Studies, Bucharest)

  • Alex BODISLAV

    (Academy of Economic Studies, Bucharest)

Abstract

In the heat of the debt crisis, German Chancellor Angela Merkel made an admission that clarified for many the stark choices facing Europe: rolling government debt too far into the future was no longer an option for Germany because there was no guarantee the country’s aging population could cover the bills once they came due. in a nutshell, Merkel illustrated the problems facing the European Union’s “social market economy.” lavish retirement and welfare benefits begun during the vibrant years of the post-world war II boom may not be affordable in an era of declining population, slower economic growth and waning competitiveness.

Suggested Citation

  • Radu Titus MARINESCU & Constantin ANGHELACHE & Valentin BICHIR & Alex BODISLAV, 2013. "Reforming the Eurozone," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 61(2), pages 42-48, May.
    • Handle: RePEc:rsr:supplm:v:61:y:2013:i:2:p:42-48
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    More about this item

    Keywords

    government; investor; fiscal union; budget; sovereignty;
    All these keywords.

    JEL classification:

    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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