Ending the Euro Crisis?
All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and employment have failed. The options that are currently being discussed are not likely to be more successful.
If there is a politically feasible way out of the crisis, it will be through revenue neutral fiscal incentives adopted by the individual Eurozone countries. I describe some of these fiscal options after reviewing the history of failed attempts and the options that are currently on the table.
The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.
Martin Feldstein, 2015. "Ending the euro crisis," Journal of Policy Modeling, vol 37(3), pages 423-427. citation courtesy of