Publication
2012
Talking from a Spanish perspective, this authors of this paper argue that the origins of the euro crisis lie in the defective design of a monetary union created hastily without the proper political, monetary or fiscal institutions to support it. To be effective, the financial system needs a thorough restructuring. Partial solutions, they feel, will only aggravate the crisis.
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English (PDF, 8 pages, 512 KB) |
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Author | José Ignacio Torreblanca, José M de Areilza |
Series | ECFR Publications |
Publisher | European Council on Foreign Relations (ECFR) |
Copyright | © 2012 European Council on Foreign Relations (ECFR) |