de Grauwe, Paul (2010) Fighting the wrong enemy. Vox (19 May 2010) Opinion Piece.Full text not available from this repository.
A government debt crisis is ravaging the Eurozone. This column argues that its cause is misunderstood. The culprit is a profligate private banking sector that has put strain on otherwise manageable government finances. The increase in debt has reached crisis point because the Eurozone is a monetary union without being a political union – it has no fire brigade to put out the fire.
|Item Type:||Website (Opinion Piece)|
|Additional Information:||© 2010 VoxEU.org|
|Library of Congress subject classification:||H Social Sciences > HG Finance
J Political Science > JZ International relations
|Journal of Economic Literature Classification System:||F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration
G - Financial Economics > G2 - Financial Institutions and Services > G20 - General
H - Public Economics > H6 - National Budget, Deficit, and Debt > H63 - Debt; Debt Management
|Sets:||Departments > European Institute
Collections > Economists Online
|Date Deposited:||08 Oct 2012 09:41|
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