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A New Growth Model for the Greek EconomyThe EU and the Eurozone

A New Growth Model for the Greek Economy: The EU and the Eurozone [The past years have been dominated by a fundamentally sterile debate about the public sector (and fiscal rules) propagated from a northern perspective and the idea that any sort of fiscally or monetarily induced growth allows Europe to escape from a debt trap (from the southern perspective). Neither of these approaches is well suited to capturing a need for economic and social transformation that will produce entrepreneurship, growth, and dynamism. This chapter suggests a number of ways of introducing a new flexibility, including a mechanism for allowing parallel currencies (for instance of non-Eurozone members to circulate in addition to the Euro), completion of the banking union, greater fiscalization of the EU, a European social insurance, an energy union, a people union (to deal with refugee issues), a military union, more opportunities for the training and mobility of the young, and greater policy coordination on a global level.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A New Growth Model for the Greek EconomyThe EU and the Eurozone

Editors: Petrakis, Panagiotis E.
James, Harold
A New Growth Model for the Greek Economy — Sep 1, 2016
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Publisher
Palgrave Macmillan US
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-58943-9
Pages
21 –31
DOI
10.1057/978-1-137-58944-6_2
Publisher site
See Chapter on Publisher Site

Abstract

[The past years have been dominated by a fundamentally sterile debate about the public sector (and fiscal rules) propagated from a northern perspective and the idea that any sort of fiscally or monetarily induced growth allows Europe to escape from a debt trap (from the southern perspective). Neither of these approaches is well suited to capturing a need for economic and social transformation that will produce entrepreneurship, growth, and dynamism. This chapter suggests a number of ways of introducing a new flexibility, including a mechanism for allowing parallel currencies (for instance of non-Eurozone members to circulate in addition to the Euro), completion of the banking union, greater fiscalization of the EU, a European social insurance, an energy union, a people union (to deal with refugee issues), a military union, more opportunities for the training and mobility of the young, and greater policy coordination on a global level.]

Published: Sep 1, 2016

Keywords: Monetary Union; Spot Market; Currency Union; Common Project; Financial Vulnerability

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