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- Title
The Agony of the Euro.
- Authors
SMITH, ROY C.
- Abstract
The article focuses on the persistent fears of the dissolution of the euro and possibly of the European Union (EU) itself after the remedies put in place by Eurozone leaders led to continued devaluation of European sovereign bonds, bank debt and other securities. It offers information on the Merkozy Plan proposed by German chancellor Angela Merkel and French president Nicholas Sarkozy which provided for a fiscal compact to limit national debt levels of all EU countries and for each country to pass a balanced-budget amendment to its constitution.
- Subjects
EUROPEAN Union countries; GOVERNMENT securities; EUROPEAN Union; MERKEL, Angela, 1954-; SARKOZY, Nicolas, 1955-; FINANCIAL crises; PUBLIC debts
- Publication
Independent Review, 2013, Vol 18, Issue 1, p49
- ISSN
1086-1653
- Publication type
Article