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Can the Euro be Saved? (Hardcover)
Loot Price: R1,051
Discovery Miles 10 510
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Can the Euro be Saved? (Hardcover)
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The economies of the Eurozone countries are plagued by multiple
crises, which cast major doubts over the future of the Euro. In
this engaging new book, leading heterodox economist Malcolm Sawyer
argues that the entire policy framework of the Eurozone was
fundamentally flawed from its foundation. He shows how these design
faults intensified the effects of the crisis, made an effective
response to the crash almost impossible, and are now locking in
perpetual self-defeating austerity. Sawyer proposes a bold
alternative agenda for reviving the continent s economic prosperity
and saving the Euro, centred on a Federal fiscal policy and deep
reform of the European Central Bank. He argues, however, that these
solutions would require a fundamental transformation that is almost
certain to encounter huge ideological and political obstacles. He
therefore concludes that Europe faces a bleak economic future,
blighted by low growth, high unemployment and social division. This
major contribution to one of the key economic and political issues
of our time will be essential reading for everyone interested in
Europe s future.
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