''A German plan for revamping the euro-area proposes an automatic
mechanism for sovereign debt-restructuring. This mechanism, designed by
Berlin’s Ministry of Finance, is designed to prevent any form of
risk-sharing between euro-area countries and to confine the costs of
fiscal and financial instability primarily within the more fragile
countries. From the perspective of debt defaults, the plan could enforce
more discipline, but it also risks dramatizing any future episode of
financial instability.The 18 countries sharing the euro are still struggling to recover from
seven years of financial troubles that have jeopardized the very
survival of the common currency. Since 2010, a slew of different
proposals have been put forward for improving either the centralization
of the area’s economic governance or, alternatively, for decentralizing
the risks and limiting the amount of risk-sharing. The German government
seems to have lost faith in any form of centralized governance, and it
would rather try to shield German taxpayers from sharing the potential
costs of a sovereign debt crisis in other countries..''
ΣΥΝΕΡΓΑΖΟΝΤΑΙ : Α.ΓΚΟΛΤΣΟΣ,Α. ΚΡΗΤΙΚΟΣ, Γ.ΚΟΚΚΑΛΑΣ Ζ.ΛΑΛΛΗ , ΕΛΙΣΑΒΕΤ ΚΟΤΖΙΑ, ΛΩΡΑ, Γ. ΜΕΙΜΑΡΟΓΛΟΥ, Ε. ΣΤΙΚΑ, OTINANISM, , ΦΡΑΓ.ΚΟΣ,Π. ΚΑΡΒΟΥΝΗΣ, Α. ΔΡΥΜΙΩΤΗΣ ΠΑΛΑΙΟΤΕΡΟΙ ΣΥΝΕΡΓΑΤΕΣ: Β.ΒΑΡΣΟΣ, Μ.ΦΙΛΙΠΠΙΔΗΣ, ROSANIMARIA, Μ.ΓΕΩΡΓΙΟΥ,I.ΑΒΡΑΜΙΔΟΥ Β. ΦΡΑΝΤΖΟΛΑΣ FREE LANCE:Ε.ΒΑΡΔΑΚΑΣ... ΚΑΙ Ο ΓΙΩΡΓΟΣ ΓΛΥΝΟΣ ΠΟΥ ΕΦΥΓΕ 29/5/2013, Ο ΑΝΤΟΝΙΧ-ΑΝΤΩΝΗΣ ΧΑΤΖΗΓΙΑΚΟΥΜΗΣ-ΠΟΥ ΕΦΥΓΕ 18/4/2015 και ο ΔΗΜΟΣΘΕΝΗΣ ΤΣΑΝΤΙΛΗΣ ΠΟΥ ΕΦΥΓΕ ΤΟ ΑΥΓΟΥΣΤΟ 2021
Wednesday, March 9, 2016
Mr. Schäuble's ultimate weapon: The restructuring of European public debts By: Carlo Bastasin
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