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La crise monétaire et l'avenir de l'euro

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  • Jacques Fontanel

    (CESICE - Centre d'études sur la sécurité internationale et les coopérations européennes - UPMF - Université Pierre Mendès France - Grenoble 2 - IEPG - Sciences Po Grenoble - Institut d'études politiques de Grenoble)

Abstract

La crise monétaire a fragilisé l'euro, lequel manque de soutien et de force politiques et de l'hétérogénéité économique des pays de la zone. La spéculation financière, l'absence de règles de gestion collective des flux monétaires et une forme d'irresponsabilité des agents économiques remettent en cause le fonctionnement normal de l'euro. Les politiques économiques et sociales des pays membres sont hétérogènes et rarement solidaires. Les économies nationales subissent des effets différenciés dans la transmission de la politique monétaire européenne. L'euro ne mène pas une politique de change, ce qui peut fragiliser certaines économies nationales de la zone au regard des autres monnaies. Les économies nationales subissent des effets différenciés dans la transmission de la politique monétaire européenne. La zone euro ne peut fonctionner sans solidarité ou contrôle budgétaire et sans surveillance des politiques économiques, mais surtout sans actions « sociales ». Il ne s'agit pas de s'engager dans une politique de « moins-disant » social, mais plutôt de créer des solidarités, un vrai dialogue interne.

Suggested Citation

  • Jacques Fontanel, 2011. "La crise monétaire et l'avenir de l'euro," Post-Print hal-02132271, HAL.
    • Handle: RePEc:hal:journl:hal-02132271
    Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-02132271
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    References listed on IDEAS

    as
    1. Paul R. Krugman, 1988. "Target Zones and Exchange Rate Dynamics," NBER Working Papers 2481, National Bureau of Economic Research, Inc.
    2. Paul Krugman & Julio Rotemberg, 1990. "Target Zones with Limited Reserves," NBER Working Papers 3418, National Bureau of Economic Research, Inc.
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