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Erschienen in:
2014 | OriginalPaper | Buchkapitel
Introduction
verfasst von : Daniel Dăianu, Rajeesh Kumar
Erschienen in: The Eurozone Crisis and the Future of Europe
Verlag: Palgrave Macmillan UK
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The Great Recession of 2007–2009 and its persistent and powerful effects will be recorded in economics textbooks both for their dramatic consequences on the real economy and the proven inability of the dominant economic theory to help solve this crisis. Among the numerous side effects of the Great Recession, one was of particular importance to the Euro area: the Great Recession exposed in full light the deep seated institutional and policy flaws of the Euro project, which threaten to bring it to an end.