A quick post on Topic 5

Ladies and gentlemen, I will make a proper page for Topic 5 before Friday’s class, but for now just a quick post to get you writing the blogs.

Your assignment is to write about historic debt and/or currency crises and identify the lessons for the EU. There are a number of examples from all over the world. You need to briefly explain:

  • How did the particular country get into the crisis.
  • How did the crisis strike.
  • What was the policy response.
  • What were the consequences.
  • What are the implications that you draw for the breakup (or not) of the EU.

I’ll speak about the EU and its peripheral countries on Friday.



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