The Eurozone crisis since 2010 has instilled political disunity and
generated a long period of economic stagnation. The cyclical
recovery enjoyed in 2017 is no cause for complacency. It should act
as an impetus to undertake long-overdue reforms, which require a
change in perspective to develop a medium-term orientation for the
next decade. There is no future for those incapable of investing.
There is no stimulus for innovative investment in countries that
have been converted to the hegemony of finance at the expense of
productive investment. Europe must confront the challenges of the
21st century by recovering its ideological autonomy in the
community spirit of its origins,which can be summed up as social
progress. This book demonstrates the need for a long-term vision
with two goals: reconstructing a social contract based on an
entrepreneurial partnership and investing in the ecological
transition. This political vision will restore to citizens of the
member-states a sense of belonging to a wider community. To attain
this, argues Michel Aglietta, one of the most important heterodox
economists today, we must strengthen European institutions at the
financial and fiscal levels. This involves making the euro a full
currency, endowed with democratic legitimacy.
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