That will require a political consensus across the Euro countries, yet another challenge, for the fallout from the financial crisis of 10 years ago has not only left the region economically enfeebled but has also marked deep political scars.
Where is the Continent's next monetary crisis coming from?
Where to from here? This is because economic growth continues to be dependent on credit, and the other side of credit is debt, which has not stopped growing.
However, fiscal and wage policies remain decentralised despite tentative steps towards a greater degree of coordination among member state policies.
First, this is a matter of explaining with rigor that which appears obvious: You may also be interested in: Click here.
Progress is painfully slow and national interests increasingly dominate the debate. Discussion Papers. However, investors are mainly concerned about the general policies and trajectory of the Italian government. Rome's battle with Brussels over the populist government's spending plans has many wondering if Italy will be the spark that sets off the next euro crisis.
The system is still quite fragile, and many wounds have not yet been closed. The End of the Feldstein Horioka Puzzle? How has China's home-grown social media Wechat changed the traditional media landscape?
Orlowski, Lucjan T. In some areas, we are even rowing back.
We will learn how to build institutions and institutional relationships that are virtuous in democratic terms, while being mutually-supportive and generous in economic terms. More Important, But Less Robust? Eichengreen, Barry, 2005. Martin Feldstein, 2005.
And we have to admit something more, too: