How to embed the Eurozone in a political union

de Grauwe, Paul ORCID: 0000-0001-5225-1301 (2010) How to embed the Eurozone in a political union. VoxEU.

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Abstract

The Eurozone lacks the mechanisms needed to ensure convergence of members’ competitive positions and to resolve crises. This essay argues that the survival of the Eurozone depends on its capacity to embed itself into a political union. The latter must imply some transfer of sovereignty in macroeconomic policies and the organisation of automatic solidarity between member states.

Item Type:	Article
Official URL:	http://www.voxeu.org/
Additional Information:	© 2010 VoxEU.org
Divisions:	European Institute
Subjects:	H Social Sciences > HG Finance J Political Science > JZ International relations
JEL classification:	F - International Economics > F3 - International Finance > F36 - Financial Aspects of Economic Integration F - International Economics > F5 - International Relations and International Political Economy > F59 - International Relations and International Political Economy: Other
Date Deposited:	08 Oct 2012 09:43
Last Modified:	11 Dec 2024 23:49
URI:	http://eprints.lse.ac.uk/id/eprint/46644

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