Detail Currency Disunion: Charlemagne   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 403 no. 8779 (Apr. 2012), page 54. Topik: Euro; Problems; International; Economics Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.71 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The founders of the euro thought they were forging a rival to the American dollar. Instead they recreated a version of the gold standard abandoned by their predecessors long ago. Unable to devalue their currencies, struggling euro countries are trying to regain competitiveness by "internal devaluation", ie, pushing down wages and prices. One reason the euro holds together is fear of financial and economic chaos on an unprecedented scale. Another is the impulse to defend the decades-long political investment in the European project. So the euro zone remains vulnerable to new shocks. Markets still worry about the risk of sovereign defaults, and of a partial or total collapse of the euro. Common sense suggests that leaders should think about how to manage a break-up. Some may be doing so. But having described a split as bringing economic Armageddon, leaders dare not be seen planning for it. Instead, the most open thinking is being promoted by a British think-tank close to the Eurosceptic Conservative Party. The real problem with the euro, says Jonathan Tepper, is the fact that many countries face large imbalances and high debts. The fate of the euro will probably be determined by politics as much as economics. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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