Crisis of the euro-zone: structural faults and contractionary policies

The present paper has for objective to address the causes of the euro zone’s debt crisis and to dispute the austerity policies that are promoted as the only solution to the current turmoil. It emphasizes that the sovereign debt crisis should be explained as a consequence of the failures of the insti...

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Autor principal: Diaz Ceballos, Anuar Sucar; Facultad de Economía,UNAM
Lenguaje:Español
Publicado: Facultad de Economía 2015
Acceso en línea:http://www.revistas.unam.mx/index.php/ecu/article/view/51626
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article51626oai
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Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
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institution Consejo Latinoamericano de Ciencias Sociales
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collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
language Español
description The present paper has for objective to address the causes of the euro zone’s debt crisis and to dispute the austerity policies that are promoted as the only solution to the current turmoil. It emphasizes that the sovereign debt crisis should be explained as a consequence of the failures of the institutional conception of the European integration project and not, as is usually argued, as a consequence of an excessive indebtedness occasioned by a disproportionate public spending. It discusses the rationality behind the austerity policies and shows that, far of being a solution to the crisis, they only aggravate the problem. It concludes that the exit to the current euro zone´s crisis implies a different process of economic and political integration that should have for objective to conform a properly constituted European state
author Diaz Ceballos, Anuar Sucar; Facultad de Economía,UNAM
spellingShingle Diaz Ceballos, Anuar Sucar; Facultad de Economía,UNAM
Crisis of the euro-zone: structural faults and contractionary policies
author_facet Diaz Ceballos, Anuar Sucar; Facultad de Economía,UNAM
author_sort Diaz Ceballos, Anuar Sucar; Facultad de Economía,UNAM
title Crisis of the euro-zone: structural faults and contractionary policies
title_short Crisis of the euro-zone: structural faults and contractionary policies
title_full Crisis of the euro-zone: structural faults and contractionary policies
title_fullStr Crisis of the euro-zone: structural faults and contractionary policies
title_full_unstemmed Crisis of the euro-zone: structural faults and contractionary policies
title_sort crisis of the euro-zone: structural faults and contractionary policies
publisher Facultad de Economía
publishDate 2015
url http://www.revistas.unam.mx/index.php/ecu/article/view/51626
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-030&d=article51626oai
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AT diazceballosanuarsucarfacultaddeeconomiaunam crisisdelazonaeurofallasestructuralesypoliticasdeausteridad
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