Reform the rules to stabilise eurozone economies

Reforms are needed to stabilize the eurozone (photo: dpa)
Reforms are needed to stabilize the eurozone (photo: dpa)

World economies have been buffeted for more than a year by the debt and banking crises in Europe and the United States. Here GIS economics expert, Professor Dr. Christoph Schaltegger, suggests New Year resolutions to stabilise the economies. He proposes economic reform and ways of creating an orderly exit from the eurozone.

DEBT and bank crises in both Europe and the United States characterised 2011. Budgetary imbalances, which have persisted for years, severely damaged the financial policy reputations of certain countries and now significantly complicate options for refinancing through capital markets.

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Some countries are already ...

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