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Ending the Euro Crisis?

Martin S. Feldstein

NBER Working Paper No. 20862
Issued in January 2015
NBER Program(s):The Economic Fluctuations and Growth Program, The Monetary Economics Program, The Public Economics Program

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.

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Document Object Identifier (DOI): 10.3386/w20862

Published: Martin Feldstein, 2015. "Ending the euro crisis," Journal of Policy Modeling, vol 37(3), pages 423-427. citation courtesy of

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