Where Will the Euro-crisis Take Us To: Germany’s Third Attempt?

Richard Corell, Ernst Herzog, Stephan Muller

Research output: Contribution to journalArticle

Abstract

The volume of global financial transactions has grown faster than the global GDP since
1990. Imperialism leads to ever deeper crises. The financial, banking, and Euro-crisis is a crisis of
state monopoly capitalism. Lower wages and deeper social cuts have been the base for higher
accumulation in the FRG. German imperialism as the main power within the EU uses the EU and
the Euro-crisis as a vehicle to become a world power again.
Original languageEnglish
Pages (from-to)15-29
Number of pages15
JournalWorld Review of Political Economy
Volume3
Issue number1
Publication statusPublished - 2012

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Keywords

  • crisis development
  • global financial transactions
  • Euro
  • crisis of state monopoly

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