Eurozone: the high cost of complacency
As the Eurozone is celebrating its first decade of existence this January 2009, a paradox strikes the observer. Caught by the “Icelandic fever,” Eastern and even Northern small open EU economies are rushing to adopt the Euro. Yet, the region finds itself in deep recession for the first time since its creation. So the Euro is attractive, but the Eurozone is inert. How to make sense of this seeming contradiction? (...).
|Date of creation:||Jan 2009|
|Publication status:||Published in The Economists' Voice, 2009, pp.1-4|
|Contact details of provider:|| Web page: http://www.sciencespo.fr/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:spo:wpmain:info:hdl:2441/eu4vqp9ompqllr09hac11h0j4. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Spire @ Sciences Po Library)
If references are entirely missing, you can add them using this form.