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The Euro In Danger (Paperback)
Loot Price: R468
Discovery Miles 4 680
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The Euro In Danger (Paperback)
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Loot Price R468
Discovery Miles 4 680
Expected to ship within 10 - 15 working days
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Donate to Against Period Poverty
Total price: R478
Discovery Miles: 4 780
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We wrote this book as the result of a number of passionate, and it
must be admitted heated, conversations on the EMU question before
Christmas 2011, around the time of the Fiscal Compact, which led to
a first draft in January this year. We are putting the finishing
touches to the work on the twentieth anniversary of the UK's exit
from ERM, which occurred on 16th September 1992. European events
continue to dominate the UK agenda, but now also the sentiment in
global financial markets. We each have grown up with the spectre of
the European question: How far should the UK integrate into the
European project? The answer to that question has continually
provided the context for so much of the UK policy agenda that it
has sometimes proved hard to think more profoundly about the
question in the Kennedy-sense of not what the Euro can do for us
but what we can do for the Euro. Undoubtedly the missing ingredient
in the Euro debate is what we might call good old-fashioned market
liberalism. That would probably have been the main contribution
that UK entry to EMU could have provided to Euro policymaking
elite. We maintain in what follows that financial markets are not
to be feared but, as they are enormously powerful machines for
processing information, to be learnt from. However, they must also
be intelligently managed, as they are prone to fads and fashions.
We have tried here to collect up a number of such observations and
comments into an agenda for reform in terms of necessary steps
towards a functional Eurozone. This is not because we think that
common currency ought to fail, but because we think that the
current situation can and should be rescued. However time though is
short. Already the sinews of the policymakers have been stretched
to breaking point, and sadly, economic and monetary policy is not
far behind.'
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