IDEAS home Printed from https://ideas.repec.org/a/ulp/buopee/v24y2011m06i4.html
   My bibliography  Save this article

L’euro, handicap ou atout en cas de crise grave ?

Author

Listed:
  • Gilbert Koenig

    (Université de Strasbourg (BETA))

Abstract

Les pays européens qui font face à une crise grave de leur endettement public peuvent avoir l’impression que leur appartenance à la zone euro constitue plutôt un handicap qu’un atout. En effet, les pays qui disposent d’une monnaie nationale peuvent espérer résoudre leur crise d’une façon plus satisfaisante sur le plan économique et social en procédant à une dévaluation de leur monnaie et en menant une politique monétaire généreuse. Mais, la sortie de la zone euro risque d’être coûteuse sur le plan économique, politique et social. De plus, elle semble inutile, car ce n’est pas l’euro qui constitue un handicap, mais plutôt le mécanisme de résolution des crises retenue par l’Europe. En fait, la solution à une telle crise peut être trouvée dans le cadre de la zone euro par l’adoption de mesures de solidarité compatibles avec l’esprit de la construction européenne.

Suggested Citation

  • Gilbert Koenig, 2011. "L’euro, handicap ou atout en cas de crise grave ?," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 24(1), pages 11-16, June.
    • Handle: RePEc:ulp:buopee:v:24:y:2011:m:06:i:4
    as

    Download full text from publisher

    File URL: https://opee.unistra.fr/L-euro-handicap-ou-atout-en-cas-de
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. André Sapir, 2011. "A Comprehensive Approach to the Euro-Area Debt Crisis," ULB Institutional Repository 2013/174297, ULB -- Universite Libre de Bruxelles.
    2. Zsolt Darvas & Christophe Gouardo & Jean Pisani-Ferry & André Sapir, 2011. "A comprehensive approach to the euro-area crisis- Background calculations," Working Papers 499, Bruegel.
    3. Gilbert Koenig, 2010. "L’UEM face aux déficits publics de ses membres," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 22(1), pages 8-15, June.
    4. Gilbert Koenig, 2006. "L’Euro : huit ans après," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 16(1), 07.
    5. Gilbert Koenig, 2007. "L’Euro : huit ans après," Bulletin de l'Observatoire des politiques économiques en Europe, Observatoire des Politiques Économiques en Europe (OPEE), vol. 16(1), pages 3-9, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alberto Bagnai & Christian Alexander Mongeau Ospina, 2018. "Monetary integration vs. real disintegration: single currency and productivity divergence in the euro area," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 21(4), pages 353-367, October.
    2. Batavia, Bala & Nandakumar, Parameswar & Wague, Cheick, 2013. "Export stagnation and budget deficits in the peripheral EU nations with EMU membership," The Journal of Economic Asymmetries, Elsevier, vol. 10(2), pages 94-100.
    3. Zsolt Darvas, 2011. "Debt restructuring in the euro area- A necessary but manageable evil?," Policy Contributions 567, Bruegel.
    4. repec:ces:ifodic:v:9:y:2011:i:3:p:16751944 is not listed on IDEAS
    5. Wilhelm Kohler, 2012. "The Eurosystem in Times of Crises: Greece in the Role of a Reserve Currency Country?," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 13(1), pages 14-22, February.
    6. Batavia, Bala & Nandakumar, Parameswar, 2016. "Did EMU membership cause the “Dutch disease” in the PIGS nations?," Global Finance Journal, Elsevier, vol. 31(C), pages 31-41.
    7. Gilbert Koenig, 2011. "L'euro, handicap ou atout en cas de crise grave ?," Post-Print hal-04058591, HAL.
    8. Daniel Dăianu, 2012. "EURO zone crisis and EU governance: Tackling a flawed design and inadequate policy arrangements," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 62(3), pages 295-319, September.
    9. Zsolt Darvas & Jean Pisani-Ferry, 2011. "Europe's growth emergency," Policy Contributions 623, Bruegel.
    10. Daniele Schiliro, 2014. "Changes in Eurozone Governance after the Crisis and the Issue of Growth," International Journal of Social Science Studies, Redfame publishing, vol. 2(2), pages 110-119, April.
    11. Jean Pisani-Ferry & André Sapir & Guntram B. Wolff, . "EU-IMF assistance to euro area countries- an early assessment," Blueprints, Bruegel, number 779, June.
    12. Judit Karsai, 2012. "Development of the Hungarian Venture Capital and Private Equity Industry over the Past Two Decades," CERS-IE WORKING PAPERS 1201, Institute of Economics, Centre for Economic and Regional Studies.
    13. Blesse, Sebastian & Bordignon, Massimo & Boyer, Pierre C. & Carapella, Piergiorgio & Heinemann, Friedrich & Janeba, Eckhard & Raj, Anasuya, 2021. "The future of the European fiscal union: Survey results from members of national parliaments in France, Italy and Germany," ZEW Discussion Papers 21-055, ZEW - Leibniz Centre for European Economic Research.
    14. Daniel Daianu, 2012. "Euro Zone Crisis and EU Governance: Tackling a Flawed Design and Inadequate Policy Arrangements," CASE Network Studies and Analyses 433, CASE-Center for Social and Economic Research.
    15. André Sapir, 2014. "Still the Right Agenda for Europe? The Sapir Report Ten Years On," Journal of Common Market Studies, Wiley Blackwell, vol. 52, pages 57-73, November.
    16. Bitros, George C. & Batavia, Bala & Nandakumar, Parameswar, 2016. "Economic crisis in the European periphery: An assessment of EMU membership and home policy effects based on the Greek experience," The North American Journal of Economics and Finance, Elsevier, vol. 36(C), pages 312-327.
    17. Jürgen von Hagen, 2011. "The Sustainability of Public Finances in the EMU," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 9(03), pages 03-09, October.
    18. Arghyrou, Michael G. & Gadea, Maria Dolores, 2012. "The single monetary policy and domestic macro-fundamentals: Evidence from Spain," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 16-34.
    19. Békés, Gábor, 2012. "Euróbevezetés és a válság - szigorúan ellenőrzött tagságok," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 685-689.
    20. Torój, Andrzej & Bednarek, Elżbieta & Bęza-Bojanowska, Joanna & Osińska, Joanna & Waćko, Katarzyna & Witkowski, Dariusz, 2012. "EMU: the (post-)crisis perspective. Literature survey and implications for the euro-candidates," MF Working Papers 12, Ministry of Finance in Poland, revised 06 Mar 2012.
    21. Xavier Richet, 2012. "Impact and Response to the Financial Crisis: Comparing the EU and China Policies," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 3-15.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ulp:buopee:v:24:y:2011:m:06:i:4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/opstrfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.