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The European debt crisisThe Greek case$
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Costas Simitis

Print publication date: 2014

Print ISBN-13: 9780719095795

Published to Manchester Scholarship Online: September 2014

DOI: 10.7228/manchester/9780719095795.001.0001

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Cracks in the euro

Cracks in the euro

(p.248) 25 Cracks in the euro
The European debt crisis

Costas Simitis

Manchester University Press

The chapter discusses the intensification of the Eurozone crisis in the aftermath of the Greek election of May 2012, particularly as concerns over the health of the Spanish economy put pressure on the value of the Euro. The ECB warned that the very design of EMU was no longer sustainable, but the building of consensus over the reform of the Eurozone's architecture proved elusive.

Keywords:   Eurozone, Spain, Banking union, European Central Bank, European Commission, Germany

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