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- Title
DEBT CRISIS AND THE INHERENT INSTABILITY OF THE SYSTEM.
- Authors
Hennies, Manfred O. E.; Raudjärv, Matti
- Abstract
The article focuses on the debt crisis and inherent instability of the market economy and the need to reestablish regulations to attain sustained efficiency of the market. It states that reduction in salaries are recommended to energise the national economy of countries under financial crisis as exchange rates are no longer present in the euro zone that could be used to strengthen competitiveness. It suggests following the recommendations by novelist Paul Krugman to solve economic difficulties.
- Subjects
EUROPEAN Sovereign Debt Crisis, 2009-2018; GLOBAL Financial Crisis, 2008-2009; CAPITALISM; ECONOMIC policy; LABOR costs; ECONOMIC competition; KRUGMAN, Paul R., 1953-
- Publication
Discussions on Estonian Economic Policy, 2012, Vol 20, Issue 2, p22
- ISSN
1736-5597
- Publication type
Article