European University Institute Library

The European Union and the Euro, how to deal with a currency built on dreams, Hans Geeroms, Stefaan Ide and Frank Naert

eng

no index present

non fiction

The European Union and the Euro

870649002

Hans Geeroms, Stefaan Ide and Frank Naert

how to deal with a currency built on dreams

Since 2007 the European Union and the euro (the currency of most of its members) have, to put it mildly, been struggling. The EU seems to have lost its competitiveness against the United States and emerging countries. The eurozone crisis has turned into a succession of country crises ebbing and flowing like the tide, threatening to poison the entire eurozone and jeopardising world economic growth. The European Union After the Euro Crisis examines this period of turmoil, putting it into a larger historical, institutional and economic context and outlining the efforts of the EU and its Member States to escape economic and financial meltdown. The authors explain the fundamental elements of the Economic and Monetary Union (EMU) that the EU has been developing for more than half a century, starting from a customs union, via the single market, to the adoption of the euro. The institutional architecture of the EMU is explained in a clear and straightforward way that also pinpoints the weaknesses that have endangered the euro from the very start.--, Back cover