{"id":2643,"date":"2011-11-18T11:44:56","date_gmt":"2011-11-18T16:44:56","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=2643"},"modified":"2011-11-18T17:02:50","modified_gmt":"2011-11-18T22:02:50","slug":"the-future-of-the-eurozone","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/the-future-of-the-eurozone\/","title":{"rendered":"The Future of the Eurozone"},"content":{"rendered":"<blockquote><p>It has become a clich\u00e9 that the survival of the European Union (EU) depends on its ability to reform, either through enlargement\u2014greater economic and fiscal coordination in the direction of some sort of federal state\u2014or by getting smaller, with the eurozone becoming a true optimum currency area.<\/p>\n<p>Surprisingly enough, most analysts, including leading EU officials, have sided unequivocally with the former proposition.<\/p><\/blockquote>\n<p>In a <a href=\"http:\/\/www.levyinstitute.org\/pubs\/op_19.pdf\">new one-pager<\/a>, C. J. Polychroniou lays out the likely scenarios for the eurozone going forward and casts a skeptical eye on the idea that the future path will or should involve tighter economic and fiscal coordination.\u00a0 The most likely scenario, he argues, is the exit of Greece and possibly Portugal from the eurozone\u2014countries that are really struggling as a result of having given up control over monetary policy.<\/p>\n<p>Read the one-pager <a href=\"http:\/\/www.levyinstitute.org\/pubs\/op_19.pdf\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It has become a clich\u00e9 that the survival of the European Union (EU) depends on its ability to reform, either through enlargement\u2014greater economic and fiscal coordination in the direction of some sort of federal state\u2014or by getting smaller, with the eurozone becoming a true optimum currency area. Surprisingly enough, most analysts, including leading EU officials, [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[31],"class_list":["post-2643","post","type-post","status-publish","format-standard","hentry","category-eurozone-crisis","tag-eurozone"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=2643"}],"version-history":[{"count":9,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2643\/revisions"}],"predecessor-version":[{"id":2679,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/2643\/revisions\/2679"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=2643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=2643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=2643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}