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Vier Jahre Eurokrise: Wege zu neuem Systemvertrauen

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  • Nicolaus Heinen

Abstract

Political gridlock, violations of European law and inconsistent political communication have turned the euro crisis into a crisis of confidence in public policy. To re-establish trust in the system, Europe needs a comprehensive approach consisting of three elements. First, rules can invigorate societies if they provide for cross-border competition in a revived single market and abstain from top-down provisions. Second, new growth perspectives — e.g. by reassigning major parts of the EU budget — can enhance the selfconfidence of societies. And finally, a pan-European debate on common goals and values can help answer the essential question of Europe’s sense and purpose. As the euro can only ever enjoy as much trust as the institutions governing the euro area, the solution of the European confidence crisis is crucial to the fate of the common currency. Copyright ZBW and Springer-Verlag Berlin Heidelberg 2013

Suggested Citation

  • Nicolaus Heinen, 2013. "Vier Jahre Eurokrise: Wege zu neuem Systemvertrauen," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 93(5), pages 337-341, May.
    • Handle: RePEc:spr:wirtsc:v:93:y:2013:i:5:p:337-341
    DOI: 10.1007/s10273-013-1530-4
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    More about this item

    Keywords

    E60; F55; Z18;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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