How the European Monetary Union Should Deal with Euro States that are Unwilling to Reform

In their article Jürgen Matthes, Institut der deutschen Wirtschaft Köln, and Thomas Schuster, Duale Hochschule Baden-Württemberg Mannheim, look at the question of how the EMU should deal with states that are unwilling to reform if the termination of bail-out payments could potentially lead to an EMU exit.