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Artner, Annamária

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Népszabadság - Hungary | 11/03/2010

Euro hinders states from overcoming the crisis

Economist Annamária Artner explains in the left-liberal daily Népszabadság the economic shortcomings of the Eurozone: "What is at stake here is the 'European Dream', or in other words the existence of the single currency. The latter ... leaves countries that are having difficulties (like Greece) no means to influence the economic processes with their own financial policy. This wouldn't be a problem if we were talking about a community of states in which the members were all at a high stage of development and in which all the market's control mechanisms (for example interest policy) were the same. But the Eurozone is far from conforming to this ideal."

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