Euro crisis
It is argued the current eurozone crisis is neither new nor surprising. Fiscal discipline in the eurozone was weak from its creation in 1999, but ongoing economic prosperity limited the damage. Economic recession deepened the impact of crisis on public finance and pushed some eurozone countries to t...
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Economists' Association of Vojvodina
2010-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2010/1452-595X1003369P.pdf |
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doaj-f63617229c6f402886dcee621e935eee2020-11-25T00:23:19ZengEconomists' Association of VojvodinaPanoeconomicus1452-595X2010-01-0157336938410.2298/PAN1003369PEuro crisisProkopijević MiroslavIt is argued the current eurozone crisis is neither new nor surprising. Fiscal discipline in the eurozone was weak from its creation in 1999, but ongoing economic prosperity limited the damage. Economic recession deepened the impact of crisis on public finance and pushed some eurozone countries to the edge of bankruptcy. Options available now are costly and painful: foreign bailouts, cuts to expenditures, higher revenues and some combination of the three. They may be conducted both inside and outside the eurozone. If eurozone problems are not solved, financial markets may turn down the euro as a currency, possibly marking the beginning of Euro-disintegration. http://www.doiserbia.nb.rs/img/doi/1452-595X/2010/1452-595X1003369P.pdfeurozoneeurofiscal disciplinereform of public financebailoutsdefaultbankruptcy |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Prokopijević Miroslav |
| spellingShingle |
Prokopijević Miroslav Euro crisis Panoeconomicus eurozone euro fiscal discipline reform of public finance bailouts default bankruptcy |
| author_facet |
Prokopijević Miroslav |
| author_sort |
Prokopijević Miroslav |
| title |
Euro crisis |
| title_short |
Euro crisis |
| title_full |
Euro crisis |
| title_fullStr |
Euro crisis |
| title_full_unstemmed |
Euro crisis |
| title_sort |
euro crisis |
| publisher |
Economists' Association of Vojvodina |
| series |
Panoeconomicus |
| issn |
1452-595X |
| publishDate |
2010-01-01 |
| description |
It is argued the current eurozone crisis is neither new nor surprising. Fiscal discipline in the eurozone was weak from its creation in 1999, but ongoing economic prosperity limited the damage. Economic recession deepened the impact of crisis on public finance and pushed some eurozone countries to the edge of bankruptcy. Options available now are costly and painful: foreign bailouts, cuts to expenditures, higher revenues and some combination of the three. They may be conducted both inside and outside the eurozone. If eurozone problems are not solved, financial markets may turn down the euro as a currency, possibly marking the beginning of Euro-disintegration. |
| topic |
eurozone euro fiscal discipline reform of public finance bailouts default bankruptcy |
| url |
http://www.doiserbia.nb.rs/img/doi/1452-595X/2010/1452-595X1003369P.pdf |
| work_keys_str_mv |
AT prokopijevicmiroslav eurocrisis |
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1725357689757761536 |