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.