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The Euro Crisis and Its Aftermath (Hardcover)
Loot Price: R822
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The Euro Crisis and Its Aftermath (Hardcover)
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The euro's life, while only slightly more than a decade long, has
been riddled by a series of challenges and crises. The disparity
between the prosperous Northern countries of Germany and France and
the plummeting Southern countries, including Italy and Greece, has
exacerbated problems within the political and economic union of the
Eurozone. The North, especially Germany, has debated where to draw
the line between doing whatever is necessary to save the common
currency and what they have viewed as a charity bailout of
countries who flouted the rules for a decade and suffered
predictable consequences. Meanwhile, Southern countries such as
Italy, Spain, and Greece have grown increasingly bitter at the
patronizing attitudes of their partners to the North. Amidst loud
and frequent debates, solutions including routes for increased
integration and punitive policies and reforms have been enacted and
discarded to a limited degree of success. The struggles facing this
monetary union continue to develop even today. The Euro Crisis and
Its Aftermath was written to inform readers about the history of
this enduring European crisis and the alternative proposals for
ending it. In four parts, Jean Pisani-Ferry explains the origins of
the European currency, the build-up of imbalances and oversights
that led to the crisis, the choices European policymakers have both
addressed and ignored since 2010, and the evolution of the policy
agenda and possible options for the future. The book is as much of
an informative and analytical history as it is a prescriptive
solution for a more prosperous future world economy. Rather than
putting forth and supporting a thesis, Pisani-Ferry helps readers
understand the past and present of the euro crisis and form their
own opinions about potential solutions.
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