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- W2215673968 abstract "AbstractThe European crisis has many causes. Worse, the different causes are mutually reinforcing. National economies lost competitiveness within the single currency, governments and households lived beyond their means, banks and other financial firms moved capital across borders and then called it back home again in a fit of panic. Europe is suffering as a consequence. European policy-making is suffering as well. With so many ‘causes’, politicians are dividing their attention across different and at times competing remedies. Europe appears to be ‘muddling through’ rather than acting decisively as a result. This paper argues that European policymakers should focus their attention on financial causal mechanisms. Although there is some truth to claims about lost competitiveness and excessive borrowing, a close focus on financial markets promises to offer the greatest leverage over the largest number of national economies. A close focus on finance also offers a clear choice between competing policy agendas: ..." @default.
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- W2215673968 date "2015-10-27" @default.
- W2215673968 modified "2023-09-23" @default.
- W2215673968 title "Getting the Story Right: How You Should Choose between Different Interpretations of the European Crisis (And Why You Should Care)" @default.
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- W2215673968 doi "https://doi.org/10.1080/07036337.2015.1079376" @default.
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