The Euro and the Battle of Ideas
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ISBN-13:
9780691178417
Veröffentl:
2018
Erscheinungsdatum:
18.09.2018
Seiten:
456
Autor:
Markus K Brunnermeier
Gewicht:
609 g
Format:
237x154x29 mm
Sprache:
Englisch
Beschreibung:
Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe's survival. As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments.
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