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Europe's Orphan

Name: Europe's Orphan
Brand: Princeton University Press
SKU: 14433376
Price: 27.4 EUR
Availability: InStock
Author: Martin Sandbu
ISBN: 9780691175942

Martin Sandbu

Language

English

Book Paperback

Libristo code: 14433376

Publishers Princeton University Press, March 2017

Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone... Full description

Libristo code: 14433376

66 b

27.40 €

53.59 лв

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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. 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. This edition contains a new preface addressing the economic and political implications of the Brexit, as well as updated text throughout. Europe's Orphan charts what actually must be done for the continent to achieve a full recovery.