Description
A timely and provocative account of why the euro has failed and why, as a result, the Union will unravel
Europe's center-left is rapidly falling out of love with the European single currency. Fifteen years after its creation, British journalists Larry Elliott and Dan Atkinson assess its performance to show why. Looking at a range of key indicators the authors show how the euro has failed to deliver on its promise of more jobs, more growth and greater equality. Instead it has undermined the European Union.
Elliott and Atkinson compare the European Central Bank to the Federal Reserve, arguing that the architects of the euro subjugated economic measures to political considerations. Consequently, countries that didn't meet the economic convergence criteria were still allowed entry. The end result is a dysfunctional currency union that is unable to cope with difficult economic circumstances. Assessing the situations in Greece, Germany, Italy, France, Ireland, and Iceland, as well as Britain, they show that the current policy of kicking the can down the road and hoping that something will turn up is proving increasingly unpopular with the currency's one-time fans in progressive politics. This engaging and accessibly written volume will be widely read by economists, pundits, and policymakers as Britian considers its future relationship with Europe.
About the Author
Larry Elliott is economics editor at the Guardian.Dan Atkinson is financial editor at Sticky Content. Both authors live in the UK.
Reviews
"[The book] offers useful insight into why so many people thought the euro was a good idea in the first place."-Harvard Business Review * Harvard Business Review *
Book Information
ISBN 9780300221923
Author Larry Elliott
Format Hardback
Page Count 320
Imprint Yale University Press
Publisher Yale University Press
Weight(grams) 544g
Europe's center-left is rapidly falling out of love with the European single currency. Fifteen years after its creation, British journalists Larry Elliott and Dan Atkinson assess its performance to show why. Looking at a range of key indicators the authors show how the euro has failed to deliver on its promise of more jobs, more growth and greater equality. Instead it has undermined the European Union.
Elliott and Atkinson compare the European Central Bank to the Federal Reserve, arguing that the architects of the euro subjugated economic measures to political considerations. Consequently, countries that didn't meet the economic convergence criteria were still allowed entry. The end result is a dysfunctional currency union that is unable to cope with difficult economic circumstances. Assessing the situations in Greece, Germany, Italy, France, Ireland, and Iceland, as well as Britain, they show that the current policy of kicking the can down the road and hoping that something will turn up is proving increasingly unpopular with the currency's one-time fans in progressive politics. This engaging and accessibly written volume will be widely read by economists, pundits, and policymakers as Britian considers its future relationship with Europe.
About the Author
Larry Elliott is economics editor at the Guardian.Dan Atkinson is financial editor at Sticky Content. Both authors live in the UK.
Reviews
"[The book] offers useful insight into why so many people thought the euro was a good idea in the first place."-Harvard Business Review * Harvard Business Review *
Book Information
ISBN 9780300221923
Author Larry Elliott
Format Hardback
Page Count 320
Imprint Yale University Press
Publisher Yale University Press
Weight(grams) 544g
