Europe's orphan : the future of the euro and the politics of debt /

Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. This book presents a compelling defense of the euro. It argues that rather than blaming the eur...

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Bibliographic Details
Author / Creator: Sandbu, Martin E. (Author)
Format: eBook Electronic
Language:English
Edition:[Revised] paperback edition.
Imprint: Princeton : Princeton University Press, 2017.
Subjects:
Online Access:Click here for full text
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100 1 |a Sandbu, Martin E.,  |e author.  |0 http://id.loc.gov/authorities/names/n2010078503 
245 1 0 |a Europe's orphan :  |b the future of the euro and the politics of debt /  |c Martin Sandbu. 
250 |a [Revised] paperback edition. 
264 1 |a Princeton :  |b Princeton University Press,  |c 2017. 
264 4 |c ©2015 
300 |a 1 online resource (xx, 317 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
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504 |a Includes bibliographical references and index. 
588 0 |a Online resource, title from PDF title page (EBSCO, viewed February 28, 2017). 
520 |a Originally conceived as part of a unifying vision for Europe, the euro is now viewed as a millstone around the neck of a continent crippled by vast debts, sluggish economies, and growing populist dissent. This book presents a compelling defense of the euro. It argues that rather than blaming the euro for the political and economic failures in Europe since the global financial crisis, the responsibility lies firmly on the authorities of the eurozone and its member countries. The eurozone's self-inflicted financial calamities and economic decline resulted from a toxic cocktail of unforced policy errors by bankers, politicians, and bureaucrats; the unhealthy coziness between finance and governments; and, above all, an extreme unwillingness to restructure debt. The book traces the origins of monetary union back to the desire for greater European unity after the Second World War. But the euro's creation coincided with a credit bubble that governments chose not to rein in. Once the crisis hit, a battle of both ideas and interests led to the failure to aggressively restructure sovereign and bank debt. The book concludes that the prevailing view that monetary union can only work with fiscal and political union is wrong and dangerous. Contending that the euro has been wrongfully scapegoated for the eurozone's troubles, the book charts what actually must be done for the continent to achieve an economic and political recovery. This revised edition addresses the economic and political implications of Brexit. It charts what actually must be done for the continent to achieve a full recovery. 
505 0 |a Preface to the paperback edition -- Preface -- 1. A gaint historic mistake? -- 2. Before the fall -- 3. Greece and the idolatry of debt -- 4. Ireland : the private is political -- 5. Europe digs deeper -- 6. Righting the course : from bail-out to bail-in -- 7. If Europe dared to write down debt -- 8. Eurpoe's real economic challenges -- 9. The politics that the euro needs -- 10. Great Britain or little England? -- 11. Remembering what the euro is for. 
650 0 |a Money  |z European Union countries.  |0 http://id.loc.gov/authorities/subjects/sh96004792 
650 0 |a Euro.  |0 http://id.loc.gov/authorities/subjects/sh98003388 
650 0 |a Eurozone.  |0 http://id.loc.gov/authorities/subjects/sh2002007527 
650 0 |a Monetary policy  |z European Union countries. 
651 0 |a European Union countries  |x Economic policy. 
650 0 |a Financial crises  |z European Union countries. 
650 0 |a Debt relief  |z European Union countries. 
651 0 |a European Union countries  |x Economic conditions  |y 21st century. 
650 0 |a Money  |z European Economic Community countries.  |0 http://id.loc.gov/authorities/subjects/sh85086795 
651 0 |a European Economic Community countries  |x Economic policy.  |0 http://id.loc.gov/authorities/subjects/sh89006824 
651 0 |a European Economic Community countries  |x Economic conditions  |y 21st century. 
650 6 |a Monnaie  |z Pays de l'Union européenne. 
650 6 |a Euro (Monnaie) 
650 6 |a Zone euro. 
650 6 |a Politique monétaire  |z Pays de l'Union européenne. 
651 6 |a Pays de l'Union européenne  |x Politique économique. 
651 6 |a Pays de l'Union européenne  |x Conditions économiques  |y 21e siècle. 
650 7 |a BUSINESS & ECONOMICS  |x Finance.  |2 bisacsh 
650 7 |a POLITICAL SCIENCE  |x Public Policy  |x Economic Policy.  |2 bisacsh 
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650 7 |a Dette publique.  |2 eclas 
650 7 |a Politique économique.  |2 eclas 
650 7 |a Crise financière.  |2 eclas 
650 7 |a Reprise économique.  |2 eclas 
650 7 |a UE/CE Etats membres.  |2 eclas 
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651 7 |a European Economic Community countries  |2 fast 
651 7 |a European Union countries  |2 fast 
650 7 |a Euro  |g Währung  |2 gnd 
650 7 |a Währungspolitik  |2 gnd 
650 7 |a Öffentliche Schulden  |2 gnd 
651 7 |a Eurozone  |2 gnd 
650 7 |a Euro.  |2 sao 
650 7 |a Penningpolitik.  |2 sao 
650 7 |a Finanskrisen 2008-2009.  |2 sao 
650 7 |a Skuldavskrivning.  |2 sao 
648 7 |a 2000-2099  |2 fast 
776 0 8 |i Print version:  |a Sandbu, Martin.  |t Europe's orphan : the future of the euro and the politics of debt.  |b New edition.  |d Princeton, New Jersey ; Oxford, [England] : Princeton University Press, 2017, ©2015  |h xx, 317 pages  |z 9780691175942 
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