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Kai A. Konrad / Holger Zschäpitz

European leaders tried to solve the European debt crisis by ever larger rescue packages and by a shift of fiscal decision making power and control from the national to the European level. The authors explain why this policy is likely to fail, offer a solution, and explain why the nexus between government debt and the financial sector has prevented this solution.

Published:   dtv Press, 2013, ISBN 978-3-423-34733-4, 288 pages.