Europe's Deadlock : How the Euro Crisis Could Be Solved -- and Why It Won't Happen.

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Bibliographic Details
Author / Creator: Marsh, David.
Format: eBook Electronic
Language:English
Imprint: New Haven : Yale University Press, 2013.
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Local Note:Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2022. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Online Access:Click to View
Description
Summary:This short, fiercely argued book explains how five years of continuous crisis management not only have failed to resolve the Eurozone's problems but have actually made things worse. While austerity-wracked nations descend into misery and resentment, creditor countries fear that they will be forced to subsidize their weaker brethren indefinitely. Constructive dialogue has collapsed as European decisionmaking descends into terrified paralysis, and the potential paths out of the impasse are blocked by indecision and incompetence at the top.<br> <br> As voters in Greece and Italy rebel against externally imposed hardship, and the sums needed to bail out failed economies reach ever more staggering proportions, the contradictions at the heart of the European project are becoming more and more obvious. Marsh warns that the current succession of complex technical fixes cannot sustain the Eurozone on life support indefinitely. Radical solutions are on offer, but without leaders who are strong and principled enough to push them through, Europe risks a depressing future of permanent decline.
Item Description:Description based on publisher supplied metadata and other sources.
Physical Description:1 online resource (143 pages)
ISBN:9780300204384
Author Notes:David Marsh is chairman and cofounder of the Official Monetary and Financial Institutions Forum.