NIFIP´s International Conference 2 nd Edition “ the present economic and sovereign debt crisis: evaluation and the way-out”

In spite of successive meetings of its highets political leaders, the sovereign debt crisis in the eurozone seems to have no end in sight. The austerity measures taken by an increasing number of countries to solve their sovereign debt problems, also viewed by some as a precondition to bring about sustainable economic growth, have not succeded in restoring the confidence of the financial markets. On the contrary, economic recession threatens Europe as never before in recent times due to an increasingly probable collapse of aggregate demand. Accordingly, the continuous degradation of the prevailing economic and social conditions in the eurozone increasingly puts into question the economic policies adopted so far under the inspiration of the dominant Member States.[...]