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- W1939877793 abstract "After years of economic crisis, resulting in significant changes to economic governance at EU level,especially for the eurozone, the time has come to consider the longer term political and economicimplications of this new situation for the economic integration process. Not only to determine how well thesystem is likely to function but also what more needs to be done to ensure long-term stability and to providethe EU institutions with sufficient political legitimacy to carry out this new role.This article does not consider abolishing the euro, based on the conviction that introducing the euro createda path dependency that makes trying to unpick the seams of the process extremely costly. While,economically, the exit of one eurozone member state might conceivably be manageable (but costly,especially for that country), the long term political costs might end up unravelling the whole Europeanintegration process, with the potential for a bankrupt and politically unstable state outside the euro but stillwithin the EU. However, the status quo situation is still unstable, politically and economically, and needsfurther policy reforms." @default.
- W1939877793 created "2016-06-24" @default.
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- W1939877793 date "2015-09-01" @default.
- W1939877793 modified "2023-09-27" @default.
- W1939877793 title "Can the eurozone’s economic governance combinepolitical accountability, legitimacy and effectiveness? EPC Discussion Paper, 1 September 2015" @default.
- W1939877793 hasPublicationYear "2015" @default.
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