Forum: Challenges Facing European Monetary Union

Abstract:
While past discussions on EMU tended to emphasise its role in limiting the impact of the global financial crisis on the euro area countries, the focus has now shifted to the destabilising effects threatening the entire euro zone as a consequence of the dire fiscal situation in some weaker member countries, notably Greece.

Will the EMU be able to pass the first serious challenge it faces or is it a fair-weather construction with basic design flaws? What options are available to policymakers?

Contents:

How to Deal with the Threat of Sovereign Default in Europe: Towards a Euro(pean) Monetary Fund - Daniel Gros and Thomas Mayer

Legal Evaluation of a European Monetary Fund - Ulrich Häde

Crisis Resolution in the Euro Area: An Alternative to the European Monetary Fund - Jean Pisani-Ferry and André Sapir

The IMF is Better Suited than an EMF to Deal with Potential Sovereign Defaults in the Eurozone - Jürgen Matthes

Beyond the Crisis: The Greek Conundrum and EMU Reform - Deborah Mabbett and Waltraud Schelkle

Challenges Facing European Monetary Union: Rules and Assignment or Discretion and Coordination? - Wim Kösters

The Greek Crisis and the Future of the Eurozone - Paul De Grauwe

Greece’s Threat to the Euro - Desmond Lachman

• Primary Source

Intereconomics: Archive http://archive.intereconomics.eu/years/

ESO: Background information: The euro’s big fat failed wedding http://www.europeansources.info/record/the-euros-big-fat-failed-wedding/

---