Endettement des États et crise de l’euro

Without a right diagnosis, no chance of cure. This can be stated for the Euro crisis. The diagnosis proposed in this paper is that the key origin of this crisis is not a series of high government deficits (non financial origin), but the present mode of European government financing (financial origin...

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Main Author: Bernard Billaudot
Format: Article
Language:English
Published: Association Recherche & Régulation 2011-12-01
Series:Revue de la Régulation
Subjects:
Online Access:https://journals.openedition.org/regulation/9448
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author Bernard Billaudot
author_facet Bernard Billaudot
author_sort Bernard Billaudot
collection DOAJ
description Without a right diagnosis, no chance of cure. This can be stated for the Euro crisis. The diagnosis proposed in this paper is that the key origin of this crisis is not a series of high government deficits (non financial origin), but the present mode of European government financing (financial origin based on its de-nationalization in the under construction Europe context). However, about any « social disease », a right diagnosis doesn’t determine a unique therapy. So, we have as many financial solutions to the Euro crisis as there are political options on the Europe construction. The main point of this paper is to present four « pure » options with the inducted solutions. In fine, I give my own citizen point of view which is in favour of a shift for all Euro zone contries from the Euro as a unique currency to the Euro as a common currency.
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publisher Association Recherche & Régulation
record_format Article
series Revue de la Régulation
spelling doaj-art-85edd2a15e534f149a0a5bc3756f748c2025-01-30T14:26:24ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962011-12-011010.4000/regulation.9448Endettement des États et crise de l’euroBernard BillaudotWithout a right diagnosis, no chance of cure. This can be stated for the Euro crisis. The diagnosis proposed in this paper is that the key origin of this crisis is not a series of high government deficits (non financial origin), but the present mode of European government financing (financial origin based on its de-nationalization in the under construction Europe context). However, about any « social disease », a right diagnosis doesn’t determine a unique therapy. So, we have as many financial solutions to the Euro crisis as there are political options on the Europe construction. The main point of this paper is to present four « pure » options with the inducted solutions. In fine, I give my own citizen point of view which is in favour of a shift for all Euro zone contries from the Euro as a unique currency to the Euro as a common currency.https://journals.openedition.org/regulation/9448Statedebtcommon currencysingle currencyglobalisation
spellingShingle Bernard Billaudot
Endettement des États et crise de l’euro
Revue de la Régulation
State
debt
common currency
single currency
globalisation
title Endettement des États et crise de l’euro
title_full Endettement des États et crise de l’euro
title_fullStr Endettement des États et crise de l’euro
title_full_unstemmed Endettement des États et crise de l’euro
title_short Endettement des États et crise de l’euro
title_sort endettement des etats et crise de l euro
topic State
debt
common currency
single currency
globalisation
url https://journals.openedition.org/regulation/9448
work_keys_str_mv AT bernardbillaudot endettementdesetatsetcrisedeleuro