Dr Denison said it was theoretically possible for countries to leave the euro, as well as being driven by choice. However, despite the difficulties experienced now, think it is unlikely the departure of any member country of the Euro. Even so, says the crisis has shown that changes will be needed in various parts related to the Euro, and describes some of these.
The changes mentioned are
1.Cambios in rules of the Stability and Growth Pact in the European Union, which began operating in 1997 and was a key part of deal that led to the introduction of euro.
2. Transparencia, especially of the accounts presented by different countries.
3. How countries require compliance with the conditions and obligations, including any penalties for noncompliance.
4. Coordinación taxation between countries.
Structural 5.Reformas in different countries.
The conclusion of Dr. Denison is that, when overcome current challenges, the countries of the Euro would be strengthened and increasingly linked and coordinated. Also says, if things continue as they are, the countries of the Euro may also interfere in economic affairs of other countries.
Let us see how they like big countries after the crisis and let us begin to falter in its economic policies again, when received, not only calls attention to its young members, but asking them to account. It will be interesting to see.
Good to hear voices informed restraint and without panic, which is uncommon, especially as there are markets and stock exchanges
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