Has the Euro Any Future Under Secular Stagnation?

Louçã, Francisco

doi:10.1007/978-3-319-45710-9_7

Has the Euro Any Future Under Secular Stagnation?

Francisco Louçã⁵

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First Online: 02 December 2016

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Part of the book series: Financial and Monetary Policy Studies ((FMPS,volume 43))

Abstract

This chapter investigates the dynamics of the world economy and the political constraints in 2016, and then discusses the effects of the Portuguese integration in the euro. As the financial crash and then the recession unfolded, the difficulties of the European peripheral economies were amplified by austerity measures leading to social and political unrest. Finally, the chapter reviews some of the debates on the alternative strategies and considers the conditions and difficulties for a negotiation on the reduction of the external debt and namely for an exit from the Eurozone.

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Authors and Affiliations

ISEG, Lisbon University, Lisboa, Portugal
Francisco Louçã

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Francisco Louçã
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Correspondence to Francisco Louçã .

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Editors and Affiliations

CIDEEFF - School of Law, University of Lisbon, Alameda da Universidade, Lisbon, Portugal
Nazaré da Costa Cabral
CIDEEFF - School of Law, University of Lisbon, Alameda da Universidade, Lisbon, Portugal
José Renato Gonçalves
CIDEEFF - School of Law, University of Lisbon, Alameda da Universidade, Lisbon, Portugal
Nuno Cunha Rodrigues

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Louçã, F. (2017). Has the Euro Any Future Under Secular Stagnation?. In: da Costa Cabral, N., Gonçalves, J., Cunha Rodrigues, N. (eds) The Euro and the Crisis. Financial and Monetary Policy Studies, vol 43. Springer, Cham. https://doi.org/10.1007/978-3-319-45710-9_7

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DOI: https://doi.org/10.1007/978-3-319-45710-9_7
Published: 02 December 2016
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-45709-3
Online ISBN: 978-3-319-45710-9
eBook Packages: Economics and FinanceEconomics and Finance (R0)

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