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March 2012

Stability Has a Price

Euro coins and bills, courtesy of Donald Townsend/flickr
Creative Commons - Attribution-Noncommercial-Share Alike 2.0 Generic Creative Commons - Attribution-Noncommercial-Share Alike 2.0 Generic

Euro coins and bills

This paper argues that the European sovereign debt crisis is slowly turning into a euro crisis and, because of this, Germany has a responsibility to resolve it. As an exporting nation, the author explains, Germany is heavily dependent on stable economic conditions in Europe. For this reason, the long-term stability of the euro in the country's best interests, even if this means making transfer payments in order to prevent the disintegration of the euro zone.

© 2012 Bertelsmann Foundation

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Author:

Thieß Petersen

Series:

Volume:

2012

Issue:

2

Publisher: