European currency integration construction is still fragile
June 05, 2019 09:01 Source: "China Social Sciences" June 5, 2019 Total No. 1707 Author: Yao Xiaodan/Compilation

  Bet365 lotto review The official website of the Institute of International Economic Research Institute of Belgium Recently released an article by Jean Pisani-Ferry, a senior researcher at the institute.,20 years after the birth of the euro,The euro is no longer the topic of various debates,To some extent, it is considered one of the achievements of European integration construction。Euro is the common currency of the euro area,This has almost become a consensus。Many people want to retain the euro,But don’t European integration。But there is no European integration as a support euro,It will be a lack of logic、It is difficult to persist。

Currency is not only a tool to provide convenience for trade and financial transactions,It is also one of the core parts of European integration construction。Pizani-Ferry thinks,At present, the euro is still fragile,The structural defect that threatened its survival has not been completely repaired。Although the euro zone has established a fiscal aid mechanism,and start a systematic Bet365 app download response to the banking alliance project,But the possibility of the bankruptcy of individual banks caused the bankruptcy of a member states to exist。Although the large bank is transferred to the European Central Bank to control this method, this problem is relieved,but still failed to solve it thoroughly。The euro area still has no common deposit guarantee mechanism。The bankruptcy procedure of financial institutions is still uniform。Cross -border investment in the euro area is still declining。When facing economic impact,Each member state can only rely on the strength of the country to deal with。

The economic crisis and bet365 best casino games the European debt crisis that occurred more than ten years ago divided the euro area into two,Half of which has achieved full employment,and the economic growth of the other half was recovered shortly ago,and still have serious unemployment problems。If economic growth slows down,This split will be more prominent。Different from opinions and questioning of EU policy within the euro area。Some countries think,They have been forced to implement excessive tightening fiscal policy,It is also adversely affected; while people in other countries suspect that the motivation of each EU's reform initiative is to obtain their savings bet365 best casino games deposit。Therefore,Also need to continue to strengthen problems related to the euro,Provide suggestions for the adjustment of relevant government policies。

  (Yao Xiaodan/Compilation)

Editor in charge: Wang Ning
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