The Euro: is it really the crowning achievement of half a century
of European integration efforts? Quite the contrary: It seems that
the Euro has now become a great threat to the European Union as
such. This book explains the impact which the ongoing Eurocrisis
has already had on the member states and their inhabitants; and it
does so without assuming that the reader is already an expert on
any of the topics addressed, making it a both thorough and
convenient introduction to the problem area. Sooner or later, any
professor teaching courses on international relations,
international political economy, or European politics will have to
field questions regarding the Eurocrisis. Considering the
complexity and relative peculiarity of the topic, the instructor
would need to have some sort of supplement to explain the story of
the euro. The authors attempt to interpret the crisis and its
effects by focusing on three key questions: 1. Why has the
Eurocrisis been so severe? 2. Why choose austerity as the solution?
3. Why not abandon the Euro altogether? Exploring these questions,
the book allows to develop one's own understanding of the crisis
and the difficult policy challenges ahead as the EU grapples with a
post-crisis future.
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