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The Euro: From Peace Project to Bone of Contention

Author

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  • Hans-Werner Sinn

Abstract

The euro was supposed to be more than just a currency from the very beginning: it embodies the desire for unity and peace in Europe. A good decade after its introduction, however, it is causing a deep rift right across Europe. In the South unemployment remains unbearably high and the economy has been brought to its knees. The North, on the other hand, has been forced into the role of paymaster and is being held hostage by the ECB. Dissatisfaction is growing on both sides as a result. We have embarked upon a political path that will endager our market economy, democracy and peace in Europe.

Suggested Citation

  • Hans-Werner Sinn, 2015. "The Euro: From Peace Project to Bone of Contention," Books, by Staff of the ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 201510, April.
    • Handle: RePEc:ces:ifobok:201510
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    Citations

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    Cited by:

    1. Eger, Thomas & Weise, Peter, 2020. "Die Target-Salden in der Eurozone: "Falle" oder Scheinproblem?," Discussion Papers 1/20, Europa-Kolleg Hamburg, Institute for European Integration.
    2. Scharpf, Fritz W., 2018. "There is an alternative: A two-tier European currency community," MPIfG Discussion Paper 18/7, Max Planck Institute for the Study of Societies.
    3. Andreas Nastansky & Sarah Siris, 2024. "Risikoverbund zwischen Banken und Staaten: Eine empirische Analyse für den Euroraum," Statistische Diskussionsbeiträge 56, Universität Potsdam, Wirtschafts- und Sozialwissenschaftliche Fakultät.
    4. Hans-Werner Sinn, 2018. "The ECB’s fiscal policy," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 25(6), pages 1404-1433, December.
    5. Schäfer Hans-Bernd & Bigus Jochen, 2016. "Consequences of Different Eurobond Proposals," Review of Law & Economics, De Gruyter, vol. 12(3), pages 523-553, November.
    6. Horst Brezinski, 2019. "The Euro – A German Perspective," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 66(3), pages 191-202, December.
    7. Clemens Fuest & Hans-Werner Sinn, 2018. "Target Risks Without Euro Exits," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(24), pages 15-25, December.
    8. Frank Westermann, 2018. "Vorstellung der Thesen von Hans-Werner Sinn: Europa: So oder so – eine Einführung in die Themen und Thesen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 71(18), pages 54-56, September.
    9. Jost, Thomas & Seitz, Franz, 2021. "Designing a European Monetary Fund: What role for the IMF?," IMFS Working Paper Series 151, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
    10. Shafik Hebous & Alfons Weichenrieder, 2016. "Toward a Mutualization of European Unemployment Insurance? On Limiting the Downsides of a Fiscal Transfer System for the Eurozone," CESifo Economic Studies, CESifo Group, vol. 62(2), pages 376-395.
    11. Afflatet Nicolas, 2016. "La malaise française – Frankreichs Haushaltskrise und warum sie anhalten wird," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 65(1), pages 075-095, May.
    12. Eger Thomas & Schäfer Hans-Bernd, 2016. "Introduction: Eurobonds beyond Crisis Management," Review of Law & Economics, De Gruyter, vol. 12(3), pages 477-494, November.
    13. von Prollius Michael & Schnabl Gunther, 2016. "Geldpolitik, Arabellion und Flüchtlingskrise: Die sehr lockere Geldpolitik der großen Industrieländer kommt in Form der Flüchtlingskrise auf Europa zurück," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 65(3), pages 299-320, December.
    14. Afflatet Nicolas, 2019. "Der Fiskalpakt: Schlüssel für dauerhaft solide Finanzen in der Eurozone?," Zeitschrift für Wirtschaftspolitik, De Gruyter, vol. 68(2), pages 183-201, August.
    15. Markus Taube & Wolfgang Wiegard & Christoph Kaserer & Daniel Stelter, 2017. "Ten Years On: a Review of the Financial and World Economic Crisis," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 70(17), pages 03-16, September.
    16. Dieter Dziadkowski, 2016. "The Future of the Tax Burden in Germany," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(11), pages 27-33, June.

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