The European Union is at a crossroads. This book analyzes the
historical roots of the EU's monetary and financial institutions in
order to better understand its struggle to maintain an economic and
monetary union, as well as the ongoing problems facing the Euro.
The institutions of the EU are based on the operation of free
markets, a common monetary policy, and the European Central Bank.
These founding policies have created many of the imbalances at the
root of the ongoing European recession. Reemerging threats of
populism and localism are poised to further disintegrate the
European construction and may spark fierce opposition between
countries. Acocella engages with these risks, suggesting detailed
actions for reform within the EU and its institutions that may
steer it away from further conflict, allowing it to better serve
its member states and citizens.
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