Foreign Affairs Article

PrintPrint EmailEmail ShareShare CiteCite
Style:MLAAPAChicagoClose

loading...

Can Europe’s Divided House Stand?

Separating Fiscal and Monetary Union

Author: Hugo Dixon
November / December 2011
Foreign Affairs

Share

Most pundits argue the eurozone has only two options: break up or create a fiscal union to match its monetary one. In fact, there's a third, and better, path: adopt tighter market discipline, bailing out illiquid countries while letting truly insolvent ones go bust. The result would be a collection of fitter economies and a Europe strong enough to play a big role on the world stage.

Subscribe to Foreign Affairs—the world's leading authority on foreign policy.

Read full article at ForeignAffairs.com.

More on This Topic

Transcript

The Future of News

Speakers: Jan Schaffer and Tom Rosenstiel
Presider: Megan McArdle

Jan Schaffer and Tom Rosenstiel discuss the future of the international news media, including the proliferation of media outlets, their...

Video

The Future of News

Speakers: Jan Schaffer and Tom Rosenstiel
Presider: Megan McArdle

Jan Schaffer and Tom Rosenstiel discuss the future of the international news media, including the proliferation of media outlets, their...

Audio Speakers: Jan Schaffer and Tom Rosenstiel
Presider: Megan McArdle

Jan Schaffer and Tom Rosenstiel discuss the future of the international news media, including the proliferation of media outlets, their...