Faculty of Economics and Business Administration Publications Database

Causes of the Eurozone Crisis: A nuanced view

Feld, Lars P.
Schmidt, Christoph
Schnabel, Isabel

Hindsight is a wonderful thing. In the midst of a crisis, it is of course very hard to understand causality. This column uses the benefit of hindsight to present a nuanced view of the causes of the Eurozone Crisis as seen by members of the German Council of Economic Experts. To prevent the same crisis happening again, the Maastricht Treaty needs to be revitalised to enhance the future stability of the Eurozone and relieve the ECB of its role as crisis manager.

Year: 2016
Editor: VoxEU