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L’euro, handicap ou atout en cas de crise grave ?

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  • Gilbert Koenig

    (Université de Strasbourg (BETA))

Abstract

Les pays européens qui font face à une crise grave de leur endettement public peuvent avoir l’impression que leur appartenance à la zone euro constitue plutôt un handicap qu’un atout. En effet, les pays qui disposent d’une monnaie nationale peuvent espérer résoudre leur crise d’une façon plus satisfaisante sur le plan économique et social en procédant à une dévaluation de leur monnaie et en menant une politique monétaire généreuse. Mais, la sortie de la zone euro risque d’être coûteuse sur le plan économique, politique et social. De plus, elle semble inutile, car ce n’est pas l’euro qui constitue un handicap, mais plutôt le mécanisme de résolution des crises retenue par l’Europe. En fait, la solution à une telle crise peut être trouvée dans le cadre de la zone euro par l’adoption de mesures de solidarité compatibles avec l’esprit de la construction européenne.

Suggested Citation

  • Gilbert Koenig, 2011. "L’euro, handicap ou atout en cas de crise grave ?," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 24(1), pages 11-16, June.
    • Handle: RePEc:ulp:buopee:v:24:y:2011:m:06:i:4
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    References listed on IDEAS

    as
    1. Jean Pisani-Ferry & André Sapir & Zsolt Darvas & Christophe Gouardo, 2011. "A comprehensive approach to the euro-area crisis- Background calculations," Bruegel Working Papers 499, Bruegel.
    2. Gilbert Koenig, 2010. "L’UEM face aux déficits publics de ses membres," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 22(1), pages 8-15, June.
    3. André Sapir, 2011. "A Comprehensive Approach to the Euro-Area Debt Crisis," ULB Institutional Repository 2013/174297, ULB -- Universite Libre de Bruxelles.
    4. Gilbert Koenig, 2006. "L’Euro : huit ans après," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 16(1), 07.
    5. Gilbert Koenig, 2007. "L’Euro : huit ans après," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 16(1), pages 3-9, July.
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