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| Title: | | Can Euroland survive?  |
| Authors: | | Kelton, Stephanie A. Wray, L. Randall |
| Issue Date: | | 2009 |
| Series/Report no.: | | Public policy brief // Jerome Levy Economics Institute of Bard College 106 |
| Abstract: | | Social unrest across Europe is growing as Euroland's economy collapses faster than the United States', the result of falling exports and a weaker fiscal response. The controversial title of this brief is based on a belief that the nature of the euro itself limits Euroland's fiscal policy space. The nations that have adopted the euro face market-imposed fiscal constraints on borrowing because they are not sovereign countries. Research Associate Stephanie A. Kelton and Senior Scholar L. Randall Wray foresee a real danger that these nations will be unable to prevent an accelerating slide toward depression that will threaten the existence of the European Union. |
| ISBN: | | 978-1-936192-00-7 |
| Document Type: | | Research Report |
| Appears in Collections: | | Public Policy Briefs, Levy Economics Institute of Bard College
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