The Eurozone Debt Crisis

Theodore, John, Theodore, Jonathan and Syrrakos, Dimitrios ORCID: https://orcid.org/0000-0002-2173-9811 (2017) The Eurozone Debt Crisis. In: The European Union and the Eurozone under Stress: Challenges and Solutions for Repairing Fault Lines in the European Project. Palgrave Macmillan, pp. 27-56. ISBN 9783319522913 (print); 9783319522920 (ebook)

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Abstract

This chapter deals with the debt crisis in further detail and the problematic austerity measures taken to contain it – most notably, the Greek bailout. It also explores the inherent problem of fixed exchange rate regimes in the European Monetary Union.