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The Crisis Of The Euro And New European Governance: Fiscal Union As Solution?

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  • Drasko Vukoslavcevic

Abstract

This paper presents a set of crucial events, arguably deemed to be the cause of the recent economic crisis, and tries to come up with a connection between the global and euro crisis. It begins with the presumption that the existing crisis in the euro zone can only be overcome with appropriate institutions and persistent measures of economic policy. Through a detailed analysis of existing and announced policy tools, this paper tries to identify ways of further development, by discussing the necessity of creating a fiscal union in the euro area.

Suggested Citation

  • Drasko Vukoslavcevic, 2012. "The Crisis Of The Euro And New European Governance: Fiscal Union As Solution?," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(3), pages 153-160.
    • Handle: RePEc:mje:mjejnl:v:8:y:2012:i:3:p:153-160
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    References listed on IDEAS

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    1. Yusuru Ozeki & Mr. George S Tavlas, 1992. "The Internationalization of Currencies: An Appraisal of the Japanese Yen," IMF Occasional Papers 1992/001, International Monetary Fund.
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    Cited by:

    1. Abdulrahman Alrabiah & Steve Drew, 2020. "Proactive Management of Regulatory Policy Ripple Effects via a Computational Hierarchical Change Management Structure," Risks, MDPI, vol. 8(2), pages 1-29, May.

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