Europa aus dem All. Aufgenommen vom Satelliten "Envisat"

Faces of the Euro crisis

Cause and effects of the euro crisis are manifold. And just as varied are the opinions of what Europe, the European Union and the euro zone can learn fromthe crisis, what conclusions they should consider for the future. Are the reforms and austerity programs for highly indebted countries successful and a model for the future? Can the euro zone bring old and new members stable benefits? Experts from Ireland, Portugal, Greece, Latvia, Spain and Bulgaria with their positions on the complex "faces of the euro crisis".

Karl Whelan

Position Karl Whelan

Reform Lessons from Ireland

Soon Ireland will be able to meet its financial needs through its own government bonds again. But is the country a model for the crisis countries in Southern Europe? Only partially, says Karl Whelan. Ireland has not come out of the crisis through reforms in the wake of the EU-IMF program and the total recovery of the Irish economy is currently difficult to imagine.

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Margarida Bon de Sousa

Position Margarida Bon de Sousa

Portugal: now there is no more 'fado', Fátima or 'futeboll'

Austerity programs and euro crisis have left their mark in Portugal, writes Margarida Bon de Sousa. Although the unemployment rate drops again in the meantime, many families look to an uncertain future. The middle class was moved closer to the lower class and thousands of well-educated people have left the country.

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Dimitrios Katsikas

Position Dimitris Katsikas

Should Greece remain in the eurozone and, if so, why?

Greece should not leave the monetary union, says Dimitris Katsikas. An exit from the euro zone could lead to serious crises - even beyond the country: The debt interest for other crisis countries would rise and there would be a risk that Spain or Italy can no longer service their debts. The Greek exit would be more expensive than its rescue.

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Pauls Raudseps

Position Pauls Raudseps

Latvia and the eurozone: the search for stability

Is it currently desirable for a country to be included in the euro zone? Yes: Joining euro zone is useful for Latvia, says Paul Raudseps. A decision against the euro would banish the country in the periphery of Europe. Although the country's currency, the lats, is one of the national symbols the euro is already accepted by the Latvians as a guarantor of stability.

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Leire Salazar

Position Leire Salazar and Luis Garrido Medina

Truths and myths about youth unemployment in Spain

According to Eurostat, the Spanish youth unemployment was 53.2 percent in 2012. But these data and their calculations are misleading and lead to an overestimation of the problem, say Leire Salazar and Luis Garrido Medina. The main problem is the blocked access to the labor market for the 25 - to 39-year-olds. Their ability to realize their own life plan is significantly restricted.

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Yasen Georgiev

Position Yasen Georgiev

Bulgaria: Very few debts and still poor - is this a solution?

Bulgaria makes fiscally everything right and is among the countries with the most stable finances in the European Union, says Yasen Georgiev. He criticizes that the EU has not drawn the right conclusions from the euro crisis: the EU disappointed the states with a strict fiscal policy and increases the euro-skepticism of people who suffer from this policy.

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