Abstract
As we remarked, there are bailouts at several levels. To bailout the public sector wages and salaries or pensions in Greece, Greece needs a plan according to the Poincare lines. A public debt authority and a pensions authority that will consolidate obligations and revenues, backed on real resources. This is a matter of short run importance and immediate consideration must be given to it.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Gustavson M (2010) The global debt crisis, http://mises.org/daily/4151/The-Global-Debt-Crisis
Mongelli FP (2008) European economic and monetary integration and the optimum currency area theory, ECB working paper
Prychitko D (2010) Competing explanations of the Minsky moment: The financial instability hypothesis in light of Austrian theory. Rev Austrian Econ 23:199–22
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2014 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Tsionas, E.G. (2014). Will Bailouts Lead to a Dissolution of the Euro?. In: The Euro and International Financial Stability. Financial and Monetary Policy Studies, vol 37. Springer, Cham. https://doi.org/10.1007/978-3-319-01171-4_11
Download citation
DOI: https://doi.org/10.1007/978-3-319-01171-4_11
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-01170-7
Online ISBN: 978-3-319-01171-4
eBook Packages: Business and EconomicsEconomics and Finance (R0)