The Eurozone crisis and the future of Europe : the political economy of further integration and governance

Resource Information

The work The Eurozone crisis and the future of Europe : the political economy of further integration and governance represents a distinct intellectual or artistic creation found in European University Institute. This resource is a combination of several types including: Work, Language Material, Books.

Label

The Eurozone crisis and the future of Europe : the political economy of further integration and governance

Title remainder

the political economy of further integration and governance

Statement of responsibility

edited by Daniel Dăianu ... [and others]

Contributor

• Kumar Rajeesh
• Basevi, Giorgio, 1938-
• D'Adda, Carlo
• Daianu, Daniel

Contributor

• Daianu, Daniel

Editor

• Kumar Rajeesh
• D'Adda, Carlo
• Daianu, Daniel
• Basevi, Giorgio, 1938-

Subject

• Financial crises -- European Union countries
• European Union countries -- Economic conditions -- 21st century
• Global Financial Crisis, 2008-2009 -- Political aspects -- European Union countries
• Monetary policy -- European Union countries
• European Union countries -- Economic policy
• Eurozone

Language

eng

Summary

"The authors uncover the roots of the eurozone crisis, focusing on various approaches on how it can be solved against the backdrop of a very deep financial and economic crisis and its strong social impact. They investigate the recent and future developments in the European Union building their argument on three key points. First, the fate of the eurozone underlies the future of the European Union, as any disarray at the core of the EU puts strong destabilizing forces into motion. Second, budget profligacy is far from explaining the depth of the current crisis in the eurozone; a flawed design and inadequate policy arrangements, which have invited rising imbalances among EU member states, are no less important in explaining the plight of and the disaffection in the eurozone. Third, even though the Banking Union project will provide a definitive solution to enhancing the cohesion of the eurozone, there are important technicalities and sequencing problems that still need clarification. Further policy arrangements going beyond the operations of a banking union will be needed in order to make the eurozone and EU function properly. The volume, furthermore, shows that the financial crisis complicates institutional and policy repair in the EU and the establishment of a lasting economic recovery. For economies to start to grow again on a sustainable basis there is a need for a sound financial intermediation system. Finance must be brought 'back to reason' and be shed, as much as possible, of its speculative and destabilizing nature."--

Assigning source

Provided by publisher

Cataloging source

DLC

Dewey number

337.142

Index

index present

Literary form

non fiction

Nature of contents

bibliography