Bullettin n. 1/2011
June 2011
CONTENTS
  • Section A) The theory and practise of the federal states and multi-level systems of government
  • Section B) Global governance and international organizations
  • Section C) Regional integration processes
  • Section D) Federalism as a political idea
    • Gilson Natacha
    Les dettes souveraines de la zone euro : lourdeur des endettements et crédibilité de l'Euro
    in Revue de l'Union européenne/Revue du Marché Commun et de l'Union européenne , n. 548, mai ,  2011 ,  308-312
    The public finances of the member countries of the Euro Zone have gone down strongly as a result of the financial crisis. The problem of public debt and deficits, which has always had a significant place in the European Economic and Monetary Union, is therefore back in the spotlight. This article is a brief reminder of the weakness of the growth and stability pact and pleads for the Euro Zone to pass a system to protect it from debt crises and allowing to better confine such events in the future. The crisis of sovereign debts observed since 2010 clearly showed Achille's heel in the Euro Zone. However, during the recent economic crisis, the Euro probably played a role as a protective shield for member countries. Lastly, although some often consider that in a high public debt situation creating inflation can be an efficient remedy, it would be a misconception to believe that it would be a universal remedy
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