Euro Crisis: From the Sovereigns to the Banks and Back to the Sovereigns
Citation:
Euro Crisis: From the Sovereigns to the Banks and Back to the Sovereigns, Liam Leonard and Iosif Botetzagias, Sustainable Politics & the Crisis of the Peripheries: Ireland and Greece (Advances in Ecopolitics), Emerald, 2011, Gurdgiev, ConstantinAbstract:
The global financial crisis of 2007-2009 crystallized the underlying imbalances that are
currently acting to tear apart the Euro area monetary and fiscal systems by focusing
markets and public attention on the core cause of the overall Euro crisis ? the insolvency
of the Euro area member-states model of debt financing of public and private expenditure
and investment. Hence, any repair of the system will require addressing the twin malaises
of the Euro area model of economic development: the private and public sectors debt trap
and the social-economic model reliant on deficit financing of public and private
consumption and expenditure.
Author's Homepage:
http://people.tcd.ie/gurdgicDescription:
PUBLISHED
Author: GURDGIEV, CONSTANTIN
Other Titles:
Sustainable Politics & the Crisis of the Peripheries: Ireland and Greece (Advances in Ecopolitics)Publisher:
EmeraldType of material:
Book ChapterAvailability:
Full text availableKeywords:
Economics, Business, Financial Crisis, Euro area crisisISSN:
0857247611Metadata
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