The European sovereign debt crisis

Bill Lucarelli

The European sovereign debt crisis

Bill Lucarelli

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

The causes of the recent sovereign debt crisis within the euro zone are examined from the perspective of the peculiar institutional framework inherited from the Maastricht Treaty of 1992. It will be argued that German neo-mercantilism is at the very core of Europe's descent into a seemingly irreversible phase of stagnation. In the absence of fiscal federalism, the sovereign debt crisis will only worsen, pushing the euro zone into a possible phase of debt-deflation.

Original language	English
Title of host publication	Heterodox Economics: Ten Years and Growing Stronger! 10th Australian Society of Heterodox Economists Conference: Conference Proceedings, Refereed Papers, 5-6 December, 2011, The University of New South Wales, Sydney, Australia
Publisher	Society of Heterodox Economists
Pages	175-185
Number of pages	11
ISBN (Print)	9780733430787
Publication status	Published - 2011
Event	Australian Society of Heterodox Economists. Conference - Duration: 5 Dec 2011 → …

Conference

Conference	Australian Society of Heterodox Economists. Conference
Period	5/12/11 → …

Cite this

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title = "The European sovereign debt crisis",

abstract = "The causes of the recent sovereign debt crisis within the euro zone are examined from the perspective of the peculiar institutional framework inherited from the Maastricht Treaty of 1992. It will be argued that German neo-mercantilism is at the very core of Europe's descent into a seemingly irreversible phase of stagnation. In the absence of fiscal federalism, the sovereign debt crisis will only worsen, pushing the euro zone into a possible phase of debt-deflation.",

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Lucarelli, B 2011, The European sovereign debt crisis. in Heterodox Economics: Ten Years and Growing Stronger! 10th Australian Society of Heterodox Economists Conference: Conference Proceedings, Refereed Papers, 5-6 December, 2011, The University of New South Wales, Sydney, Australia. Society of Heterodox Economists, pp. 175-185, Australian Society of Heterodox Economists. Conference, 5/12/11.

The European sovereign debt crisis. / Lucarelli, Bill.
Heterodox Economics: Ten Years and Growing Stronger! 10th Australian Society of Heterodox Economists Conference: Conference Proceedings, Refereed Papers, 5-6 December, 2011, The University of New South Wales, Sydney, Australia. Society of Heterodox Economists, 2011. p. 175-185.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

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The European sovereign debt crisis

Abstract

Conference

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