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Completing the Monetary Union of Europe as mid-term solution of the Euro crisis

Fischer, Justina A.V. and Pastore, Francesco (2015): Completing the Monetary Union of Europe as mid-term solution of the Euro crisis.

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Abstract

This research note discusses the Euro crisis in Greece in light of the referendum of July the 5th. It lays out the social and political costs of a GREXIT, but also of a continuing austerity policy. It proposes a reform policy fostering growth in Greece and discusses the role of conditionality. Finally, the important role of mid-left parties is highlighted.

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