Europe's orphan : the future of the euro and the politics of debt

Resource Information

The work Europe's orphan : the future of the euro and the politics of debt represents a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries. This resource is a combination of several types including: Work, Language Material, Books.

Label

Europe's orphan : the future of the euro and the politics of debt

Title remainder

the future of the euro and the politics of debt

Statement of responsibility

Martin Sandbu

Creator

• Sandbu, Martin E

Author

• Sandbu, Martin E

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
• Eurozone
• 2000-2099
• Financial crises -- European Union countries
• Finanskrisen 2008-2009
• Monetary policy
• Monetary policy -- European Union countries
• Money
• Money -- European Union countries
• POLITICAL SCIENCE -- Public Policy | Economic Policy
• Penningpolitik
• Politique économique
• Reprise économique
• Skuldavskrivning
• UE/CE Etats membres
• UE/CE Euro
• Währungspolitik
• Öffentliche Schulden
• Financial crises
• 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. This book presents a compelling defense of the euro. It 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. The book 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. The book concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, the book charts what actually must be done for the continent to achieve an economic and political recovery. This revised edition addresses the economic and political implications of Brexit. It charts what actually must be done for the continent to achieve a full recovery

Cataloging source

N$T

Dewey number

332.4/94

Index

index present

LC call number

HG925

LC item number

.S24 2017

Literary form

non fiction

Nature of contents

• dictionaries
• bibliography