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Title:Can Euroland survive? PDF Logo
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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