Les Cahiers Irice 11 (May 2014)
This issue of the Journal of the Irice Laboratory approaches historically the internal imbalances within the euro zone that have appeared from 2010. It is assumed that the employment regimes of different countries are central to explain their preferences in the field of monetary policy. The similarities among the employment regimes in Southern Europe are isolated, as these countries have gone through tensions related to their membership of the euro zone in the context of the recession following the financial crisis of 2007 and 2008. The articles gathered here show the formation, in these countries, over the last five decades, of precarious balances in the relationship between employers, local workers and immigrant workers, explaining the difficulties these countries face in a major recession in a fixed monetary framework.