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Towards a Resilient Eurozone - Economic, Monetary and Fiscal Policies (Paperback, New edition)
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Towards a Resilient Eurozone - Economic, Monetary and Fiscal Policies (Paperback, New edition)
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This book examines the Eurozone crisis and the possibility of
fiscal and political union in Europe, with contributions from some
of the most respected experts on these topics. The book explains
the complex, multidimensional crises in competitiveness, fiscal
matters, banking and politics. During the crisis Germany has been
criticized for misjudging the causes, focusing too much on fiscal
deficits and insisting that the solution is fiscal consolidation
and austerity. For many, especially those inspired by Keynesian
economics, Germany has been seen as pushing the whole continent
into a depression. By misjudging the causes of the crisis,
insisting on widespread austerity, constraining the European
central Bank (ECB) in its role of Lender of Last Resort for the
sovereigns, rejecting the mutualization of Eurozone debt and
providing financial help in small amounts and too late, Germany is
perceived to be responsible for the possible break-up of the
Eurozone. The aim of this book is to analyse whether this
description, one that is shared by numerous policymakers,
academics, pundits and opinion leaders, means that there is a lack
of resilience in the Eurozone's economic, monetary and fiscal
policies.
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