歐債危機的發生表現在數個歐元會員國面臨高政府赤字、高負債的財政困境，故被統稱為歐債危機，但事實上此一危機是由數個性質不盡相同的個別危機所組成:希臘危機本質上為一財政紀律蕩然的政府治理危機;愛爾蘭與西班牙危機則為美國次貸危機所引發的不動產資產泡沫與銀行危機;義大利與葡萄牙危機則涉及結構性的長期成長危機。依此本質而言，德國所推動的撙節方案與財政公約僅涉及到公部門改革與恢復財政紀律等面向，只能對危機的終結提供部分的答案。財政紀律的執行與危機的解決有賴成長與就業的提..

The European sovereign debt crisis emerged from a few euro members being stuck with high-deficits and high-indebtedness, and thus is oversimplified to be referred to as the euro debt crisis. It, in fact, consists of several individual crises with different causes. The Greek crisis was a governance crisis that lacks of fiscal disciple by nature; the Irish and Spanish crises were the bubble crisis of the property sector and banking crisis caused by the US sub-prime crisis; the Italian and Portuguese crises involve more structur..

本文旨在分析歐元對倫敦金融中心其影響與未來發展。以倫敦金融中心目前境外金融的特質，歐元的出現對其意義為機會多於威脅，然而，本文發現，此一境外金融的競爭優勢卻未因此使其內部對歐元議題產生一致的態度，反而出現嚴重的意見分歧。根據此一發現，本文因而對過去習於認為倫敦金融中心以其對英國經濟與政治的重要性，其政策偏好將為主政者決策指標的傳統看法提出質疑。本文解釋此一分歧的立場反應的是倫敦金融中心對於應如何發展為國際金融中心的兩種途徑之爭論:國際境外金融途徑與境內實體金..

This paper examines what the euro means, both to the current offshore- dominated City of London (the City) and for its future development. With its offshore nature, the City benefits more from the introduction of the euro than being threatened. Its competitive advantage as an offshore global portal of euro-related business, however, does not harmonize opinions within the City on the issue of the UK’s euro membership. Rather, City practitioners’ attitudes are divided. This finding thus challenges the conventional w..