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How to embed the Eurozone in a political union

de Grauwe, Paul (2010) How to embed the Eurozone in a political union. VoxEU.

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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:
Additional Information: © 2010
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
Sets: Departments > European Institute
Collections > Economists Online
Date Deposited: 08 Oct 2012 09:43
Last Modified: 05 Jul 2021 23:13

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