EMU Sustainability and the Prospects of Peripheral Economies

23 Pages Posted: 27 Jul 2022

Date Written: April 1, 2012

Abstract

The paper analyses initiatives undertaken to contain the impact of the sovereign debt crisis and improve economic governance in emu and examines further some fundamental questions about emu’s sustainability looking at emu’s performance for far and at its main strengths and weaknesses. A basic conclusion is that decisions undertaken to improve economic governance strengthened decisively the “weaponry” of the EU and individual member states to overcome the crisis, although existing mechanisms must be further strengthened and new instruments created. Peripheral economies can win the growth game within a better functioning emu once they will have adopted a more sustainable growth model.

Keywords: EMU

JEL Classification: E4, E5, E6, F3, F4, F5

Suggested Citation

Submitter, Bank of Greece and Papaspyrou, Theodoros, EMU Sustainability and the Prospects of Peripheral Economies (April 1, 2012). Bank of Greece Economic Bulletin, Issue 36, Article 1, Available at SSRN: https://ssrn.com/abstract=4167760

Bank of Greece Submitter

Bank of Greece ( email )

21 E. Venizelos Avenue
GR 102 50 Athens
Greece

Theodoros Papaspyrou (Contact Author)

Bank of Greece

21 E. Venizelos Avenue
GR 102 50 Athens
Greece

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