AUC IURIDICA
AUC IURIDICA

Acta Universitatis Carolinae Iuridica (AUC Iuridica) is a legal journal published since 1955, which presents longer essays as well as short articles on topics relevant for legal theory and international, European and Czech law. It also publishes works concerning current legislative problems.

Although intended primarily for domestic audience, AUC Iuridica is useful also for foreign experts, who can take advantage of summaries in foreign languages (English, German and French) and key words, which are systematically added to the main articles and essays.

The published articles are subject to peer reviews. If necessary, reviewed texts are sent back to the author for revision.

AUC Iuridica accepts contributions from any contributor on any current legal topic.

The journal is registered in the Czech National Bibliography (kept by the National Library of the Czech Republic) and in the Index to Foreign Legal Periodicals (kept by the American Association of Law Libraries).

The journal is archived in Portico.

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We are pleased to inform you that the journal Acta Universitatis Carolinae Iuridica was the first journal of the Faculty of Law of Charles University to be included in the prestigious international database SCOPUS. This Elsevier database is the largest abstract and citation database of peer-reviewed literature in the world. The editors of the journal expect from the inclusion in the elite SCOPUS database not only an increase in the readership of the journal, but also an increase in interest in the publication of papers by both Czech and foreign authors.

AUC IURIDICA, Vol 58 No 1 (2012), 25–31

Ekonomické souvislosti dosavadního managementu euro-krize

[Economic Context Of Present Euro - Crisis Management]

Jan Bureš

published online: 01. 02. 2015

abstract

Economic Context Of Present Euro - Crisis Management Since spring 2010, when the European crisis began in budgetary undisciplined Greece, three other countries (Ireland, Portugal, Spain) requested financial assistance from the European Union and the IMF. The way how the crisis started contributed to the fact that Europe perceives the problems in peripheral economies to be primarily of fiscal nature. However, a deeper analysis shows that fiscal problems are in many cases only secondary. The study demonstrates that the main difficulty lies in increasing differences in the level of competitiveness and the overall balance of payments deficits. In most cases, the public sector deficits in peripheral economies represent only a secondary symptom of a deeper crisis. In the light of above mentioned it is appropriate to ask whether the current response of key policy makers – the European Council, the European Commission, the European Central Bank and national governments – is appropriate. This contribution underlines that too much pressure on budgetary discipline in the spirit of the new tax agreements may be counterproductive and misleading.

keywords: austerity measures; competitiveness; budgetary discipline; budget deficit; current account deficit; devaluation; eurozone; fiscal policy; loss of competitiveness; Target 2

Creative Commons License
Ekonomické souvislosti dosavadního managementu euro-krize is licensed under a Creative Commons Attribution 4.0 International License.

230 x 157 mm
periodicity: 4 x per year
print price: 65 czk
ISSN: 0323-0619
E-ISSN: 2336-6478

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