March 2012
Stability Has a Price
Euro coins and bills
This paper discusses that the European sovereign debt crisis is slowly turning into a euro crisis. Germany has a special responsibility for the resolution of this issue. As an exporting nation it is heavily dependent on stable economic conditions in Europe, and for this reason the long-term stabilization of the euro is in a very fundamental way in its interests, even if this means making transfer payments in order to prevent the disintegration of the eurozone.
© 2012 Bertelsmann Foundation
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Author:
Thieß Petersen
Series:
Volume:
2012
Issue:
2
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