Titlebook: Emerging from the Euro Debt Crisis; Making the Single Cu Michael Heise Book 2013 Springer-Verlag Berlin Heidelberg 2013 European dept crisi

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OASIS

Aligning Crisis Management and Long-Term Reform Incentives,e ECB or newly created transfer mechanisms—may erode the incentives for national governments to see through painful reforms and rather to rely on the assistance of the community. The following paragraphs try to draw some lessons on crisis management and how to deal with the mutualisation of government debt.

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Denis Berdajs MD,Marko I. Turina MDmore important after the end of the fixed exchange rate system of Bretton Woods and the large swings of the US dollar on exchange markets. This chapter examines very briefly how the idea of a single currency was born and what steps led to today’s euro.

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FEMUR

A Final Word,n or external rebalancing in recent years. The crisis has triggered major changes in wage costs and the framework of social security and labour markets. This will further strengthen the Union in the years to come.

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