The Resource Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
Resource Information
The item Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- Summary
- Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. Sandbu traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro's creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. Ideologically informed choices set in motion dynamics that encouraged more economic mistakes and heightened political tensions within the eurozone. Sandbu concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous--and risks sending the continent into further political paralysis and economic stagnation. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, Europe's Orphan charts what actually must be done for the continent to achieve an economic and political recovery
- Language
- eng
- Extent
- 1 online resource (xiv, 313 pages)
- Contents
-
- 1. A gaint historic mistake?
- 2. Before the fall
- 3. Freece and the idolatry of debt
- 4. Ireland: the private is political
- 5. Europe digs deeper
- 6. Righting the course: from bail-out to bail-in
- 7. If Europe dared to write down debt
- 8. Eurpoe's real economic challenges
- 9. The politics that the euro needs
- 10. Great Britain or little England
- 11. Remembering what the euro is for
- Isbn
- 9781400873425
- Label
- Europe's orphan : the future of the euro and the politics of debt
- Title
- Europe's orphan
- Title remainder
- the future of the euro and the politics of debt
- Statement of responsibility
- Martin Sandbu
- Subject
-
- Crise financière
- Debt relief
- Debt relief -- European Union countries
- Dette publique
- Economic history
- Economic policy
- Euro
- Euro
- Euro
- Euro
- European Union countries
- European Union countries -- Economic conditions -- 21st century
- European Union countries -- Economic policy
- Eurozone
- Eurozone
- 2000-2099
- Financial crises
- Financial crises -- European Union countries
- Finanskrisen 2008-2009
- Monetary policy
- Monetary policy -- European Union countries
- Money
- Money -- European Union countries
- Penningpolitik
- Politique économique
- Reprise économique
- Skuldavskrivning
- UE/CE Etats membres
- UE/CE Euro
- Währungspolitik
- Öffentliche Schulden
- Eurozone
- BUSINESS & ECONOMICS -- Finance
- Language
- eng
- Summary
- Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. In Europe's Orphan, leading economic commentator Martin Sandbu presents a compelling defense of the euro. He argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. Sandbu traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro's creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. Ideologically informed choices set in motion dynamics that encouraged more economic mistakes and heightened political tensions within the eurozone. Sandbu concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous--and risks sending the continent into further political paralysis and economic stagnation. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, Europe's Orphan charts what actually must be done for the continent to achieve an economic and political recovery
- Cataloging source
- IDEBK
- http://library.link/vocab/creatorName
- Sandbu, Martin E
- Dewey number
- 332.4/94
- Index
- index present
- LC call number
- HG925
- LC item number
- .S24 2015eb
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- http://library.link/vocab/subjectName
-
- Euro
- Eurozone
- Money
- Monetary policy
- European Union countries
- Financial crises
- Debt relief
- European Union countries
- BUSINESS & ECONOMICS
- UE/CE Euro
- Dette publique
- Politique économique
- Crise financière
- Reprise économique
- UE/CE Etats membres
- Debt relief
- Economic history
- Economic policy
- Euro
- Eurozone
- Financial crises
- Monetary policy
- Money
- European Union countries
- Euro
- Währungspolitik
- Öffentliche Schulden
- Eurozone
- Euro
- Penningpolitik
- Finanskrisen 2008-2009
- Skuldavskrivning
- Label
- Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
- Bibliography note
- Includes bibliographical references (pages 273-302) and index
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- 1. A gaint historic mistake? -- 2. Before the fall -- 3. Freece and the idolatry of debt -- 4. Ireland: the private is political -- 5. Europe digs deeper -- 6. Righting the course: from bail-out to bail-in -- 7. If Europe dared to write down debt -- 8. Eurpoe's real economic challenges -- 9. The politics that the euro needs -- 10. Great Britain or little England -- 11. Remembering what the euro is for
- Control code
- 919297115
- Dimensions
- unknown
- Extent
- 1 online resource (xiv, 313 pages)
- Form of item
- online
- Isbn
- 9781400873425
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.1515/9781400873425
- http://library.link/vocab/ext/overdrive/overdriveId
-
- 825591
- 87b0a5ed-99e3-4ac7-b50b-822d135c9e5e
- Specific material designation
- remote
- System control number
- (OCoLC)919297115
- Label
- Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu
- Bibliography note
- Includes bibliographical references (pages 273-302) and index
- Carrier category
- online resource
- Carrier category code
-
- cr
- Carrier MARC source
- rdacarrier
- Content category
- text
- Content type code
-
- txt
- Content type MARC source
- rdacontent
- Contents
- 1. A gaint historic mistake? -- 2. Before the fall -- 3. Freece and the idolatry of debt -- 4. Ireland: the private is political -- 5. Europe digs deeper -- 6. Righting the course: from bail-out to bail-in -- 7. If Europe dared to write down debt -- 8. Eurpoe's real economic challenges -- 9. The politics that the euro needs -- 10. Great Britain or little England -- 11. Remembering what the euro is for
- Control code
- 919297115
- Dimensions
- unknown
- Extent
- 1 online resource (xiv, 313 pages)
- Form of item
- online
- Isbn
- 9781400873425
- Media category
- computer
- Media MARC source
- rdamedia
- Media type code
-
- c
- Other control number
- 10.1515/9781400873425
- http://library.link/vocab/ext/overdrive/overdriveId
-
- 825591
- 87b0a5ed-99e3-4ac7-b50b-822d135c9e5e
- Specific material designation
- remote
- System control number
- (OCoLC)919297115
Subject
- Crise financière
- Debt relief
- Debt relief -- European Union countries
- Dette publique
- Economic history
- Economic policy
- Euro
- Euro
- Euro
- Euro
- European Union countries
- European Union countries -- Economic conditions -- 21st century
- European Union countries -- Economic policy
- Eurozone
- Eurozone
- 2000-2099
- Financial crises
- Financial crises -- European Union countries
- Finanskrisen 2008-2009
- Monetary policy
- Monetary policy -- European Union countries
- Money
- Money -- European Union countries
- Penningpolitik
- Politique économique
- Reprise économique
- Skuldavskrivning
- UE/CE Etats membres
- UE/CE Euro
- Währungspolitik
- Öffentliche Schulden
- Eurozone
- BUSINESS & ECONOMICS -- Finance
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/Europes-orphan--the-future-of-the-euro-and-the/BwepJDtxx4Y/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/Europes-orphan--the-future-of-the-euro-and-the/BwepJDtxx4Y/">Europe's orphan : the future of the euro and the politics of debt, Martin Sandbu</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
