Publications
The Euro Crisis: Preservation or Dissolution? An existential crisis for the euro.
Alan Dukes
20 September 2012
Download the working paper here
Preservation or Dissolution? An existential crisis for the euro.
Written by Alan Dukes
5 September 2012
In “Preservation or Dissolution: An Existential Crisis for the Euro” Alan Dukes argues that the recent history of attempts by Europe to deal with the crisis have failed. They have followed a country-by-country approach that ignores the fact that “a problem in one part of a common currency area is a problem for the whole area”. Mr Dukes argues for the radical solution of a “Eurozone-wide debt default in a volume sufficient to reduce the collective debts of the “problem” countries to levels consistent with sustainable debt/GDP ratio”.
Download the working paper here
Price: € 0 (Downloadable file)