The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises.
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spai… - Barry Eichengreen
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spai…
- Barry Eichengreen
The 24% unemployment reached at the depths of the Great Depression was no picnic. - Barry Eichengreen
The 24% unemployment reached at the depths of the Great Depression was no picnic.
More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export. - Barry Eichengreen
More than the Big Mac, Coca Cola, or Levi's 501 jeans, the dollar is surely the United States' signature export.
As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the … - Barry Eichengreen
As for the single market, the E.U.'s landmark achievement, there is no question that a euro zone breakup would severely disrupt its operation in the …
Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain cr… - Barry Eichengreen
Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain cr…
While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more di… - Barry Eichengreen
While holding the eurozone together will be costly and difficult and painful for the politicians, breaking it up will be even more costly and more di…
The 1992 crisis proved that the existing system was unstable. Not moving forward to the euro would have set up Europe for even more disruptive crises. - Barry Eichengreen
Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched. - Barry Eichengreen
Across the continent, political divisions are deepening. For all of these reasons, the specter of a euro zone collapse has not been dispatched.
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Eur… - Barry Eichengreen
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Eur…
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