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Capitalist Crisis

EUROZONE CRISIS

Economists of the group Research on Money and Finance (RMF) at SOAS, University of London, coordinated by Professor Costas Lapavitsas, have produced a report on the current crisis titled “Eurozone Crisis: Beggar Thyself and Thy Neighbour?”.

The report claims that the current public debt crisis of peripheral Eurozone countries (Greece, Ireland, Italy, Portugal and Spain) is related to persistent German current account surpluses. RMF proposes either structural reform of European Monetary Union, or exit from the Eurozone.

The report is available at: http://www.researchonmoneyandfinance.org

Posted here by Glenn Rikowski

The Flow of Ideas: http://www.flowideas.co.uk

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