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- Publisher
- Springer International Publishing
- Copyright
- © Springer International Publishing AG 2017
- ISBN
- 978-3-319-57722-7
- Pages
- 183 –222
- DOI
- 10.1007/978-3-319-57723-4_7
- Publisher site
- See Chapter on Publisher Site
Abstract
[Most studies on the future of the Euro point to serious risks in the coming years—risks to its very survival. The roadmap of the Five EU Presidents presented in 2015 comes up with little to reduce the risks to the Eurozone, such as new economic shocks and Brexit-type developments. The EU presidents rely too much on high international economic growth to smooth convergence in labour productivity between EU member states. Indeed, the more likely low-growth scenario shows a serious risk of the Eurozone falling apart in a chaotic way.]
Published: May 20, 2017
Keywords: Interest Rate; European Central Bank; Private Bank; Government Debt; Maastricht Treaty