How to embed the Eurozone in a political union

de Grauwe, Paul

(2010) How to embed the Eurozone in a political union VoxEU.

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The Eurozone lacks the mechanisms needed to ensure convergence of members’ competitive positions and to resolve crises. This essay argues that the survival of the Eurozone depends on its capacity to embed itself into a political union. The latter must imply some transfer of sovereignty in macroeconomic policies and the organisation of automatic solidarity between member states.

Item Type	Article
Copyright holders	© 2010 VoxEU.org
Departments	European Institute
Date Deposited	08 Oct 2012 09:43
URI	https://researchonline.lse.ac.uk/id/eprint/46644

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de Grauwe, Paul

http://www.lse.ac.uk/european-institute/people/academic-staff/de-grauwe-paul.aspx (Author)
http://www.voxeu.org/article/eurozone-needs-political-union-or-least-elements-one (Publisher)
http://www.voxeu.org/ (Official URL)

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