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[Art 50] Ways to leave the Euro : does the eurozone need an exit clause? / Clemens Fuest

Fuest, Clemens, 1968-

IFO DICE Report . ISSN2511-7823 . Munich : IFO Institut, Vol. 16, no 3 (2018) , p. 25-30

Over the course of the Euro crisis the possibility that one or various member states may leave the currency union has been discussed intensively. During the standoff between Greece and the rest of the Eurozone the German finance minister Wolfgang Schäuble suggested that Greece should leave the Eurozone. The current economic recovery has eased the pressure of the crisis and Grexit is no longer on the agenda. But the fundamental question of whether a euro exit clause is needed and how it should be designed needs to be clarified. Recently the Dutch government argued that a procedure for euro exit is missing. In the academic literature on this topic, the issue of euro exit has been discussed for a long time (Sinn 2014 and Scott 2012) and it should certainly be included in the current discussion over Eurozone reform... [Da introd.]

euro; política monetária; crise monetária; estabilidade financeira; zona euro; cláusula de saída

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