The fact that resolving the crisis will be costly has one silver lining. It concentrates attention on the need to reform the institutions of the euro area to prevent equally costly crises from occurring again.

Keywords:
euro, Barry, Eichengreen, euro, crisis, European, Union, Greece, Portugal, Ireland
This content is only available via PDF.
© 2011 Current History. All rights reserved.
2011
The Regents of the University of California
You do not currently have access to this content.