Making Do; After the Crisis  

Oleh:

[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8759 (Nov. 2011), page 14-16.
Topik: Globalization; Politics; Eurozone; Economic Crisis
Fulltext: Making do.pdf (50.67KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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A spirit of grubby compromise, not lofty idealism, that will determine the future of the euro. That is because, as Joseph Schumpeter argued, a monetary system cannot be separated from the society that underlies it. Saving the euro is about much more than the optimal design of a currency area. Even as the euro zone fights to steady its banks and its sovereign borrowers, it must grapple with the profound choices that this special report has set out. The most important of these is Europe's attitude to globalisation. The more the euro zone embraces growth-enhancing reform, the lower the chance that its members will, after years of grinding austerity, succumb to the political fatigue that could lead to the euro's collapse. However, the economic imperative for austerity and restructuring is already putting the governments of the euro zone's troubled periphery under severe strain.

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