Should the crisis be the trigger for a reshaping of euro-area entry rules?

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Series Details 11.11.08
Publication Date 11/11/2008
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Some new EU member states that have not yet adopted the euro have come under much greater pressure during the financial crisis than nations in the euro area. This column says that that does not mean the Maastricht criteria for euro entry ought to be relaxed. New member states suffering in the crisis are paying the price for their policy mistakes.

VoxEU.org is a policy portal set up by the Centre for Economic Policy Research in conjunction with a consortium of national sites, including the Italian site LaVoce, the French site Telos and the Spanish site Sociedad Abierta. Vox aims to promote research-based policy analysis and commentary by leading scholars. The intended audience is economists in governments, international organisations, academia and the private sector as well as journalists specializing in economics, finance and business.

Source Link http://www.voxeu.org/index.php?q=node/2547
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