| 来源类型 | Chatham House Briefing
|
| 规范类型 | 简报
|
| Broken Forever? Addressing Europe's Multiple Crises |
| Dr Paola Subacchi; Stephen Pickford
|
| 发表日期 | 2012-03-01
|
| 出版年 | 2012
|
| 语种 | 英语
|
| 摘要 |
- Greece's recent bailout is just the latest stage in a deep-rooted crisis for Europe's monetary union that was exacerbated by the global financial crisis. Without measures to deal with the current crisis and to address the underlying problems of the euro area, it is hard to see EMU surviving in its current form.
- Countries in the euro periphery have suffered from long-standing fiscal problems, under-performing economies, imbalances and a widening gap in competitiveness with 'core' countries.
- These periphery countries now face problems requiring a combination of urgent and long-term measures. In the immediate future they have to convince markets that their fiscal plans will reduce debt without a collapse in growth, and to normalize their banks' access to market funding. In the longer term they must achieve sustainable increases in growth, improve competitiveness and rebalance their external payments positions. They must adapt to the constraints of the single currency.
- Reforms are needed to help the periphery countries live with the euro. At the same time the incentives for correcting imbalances need strengthening, with the burden shared more equitably between deficit and surplus countries, in order to create an effective model for growth within the euro area.
|
| 主题 | Global Economy and Finance
; Global governance
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| 区域 | Europe
; European Union
|
| URL | https://www.chathamhouse.org/publications/papers/view/182471
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| 来源智库 | Chatham House (United Kingdom)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/49123
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推荐引用方式
GB/T 7714 |
Dr Paola Subacchi,Stephen Pickford. Broken Forever? Addressing Europe's Multiple Crises. 2012.
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